http://www.movabletype.org/cgi-bin/mt/mt-cp.cgi?__mode=view&blog_id=24&id=446417
World Telecom opened a 2,000-square-foot officed recently at 8201 Greensboro Drive, a 361,000-square-foo commercial building in McLean ownedfby D.C.-based B.F. Saul and Co. The company, a wholly-owned subsidiarhy of Worldwide Telecom Xchangre CarrierFZ LLC, a Dubai-based telecommunications investment companyg focused on aggregating wholesale telephongy and data traffic in emerging is a network services company that provides engineering, salees and marketing, billing and outsourced technicalo support services. To start, about six employeexs will be based at the new headquarteres with room forfurther expansion.
World Telecom’s services includee call routing, satellite services, Voics over Internet Protocol (VoIP), TDM network, code division multiple access (CDMA), WiMax and network management “WTXC’s success illustrates that our regionb remains a great place to start and growa business,” said Mike a vice president at Rockville-based Scheer Partners who brokered the “And the commercial real estate markert is yielding opportunities for business owner s that haven’t existed since the early part of the Scheer Partners broker Ben Heller, who also worked on the added that the company “evaluates a handful of locations in McLean and deciding on 8201 Greensboro Drive for severapl reasons,” that included its “a very fair market deal” and other appealingb terms such as a “gooed cure period on defaults.
”
Tuesday, April 12, 2011
Monday, April 11, 2011
Chinese company to buy Hummer - Houston Business Journal:
http://conditioners.weebly.com/
When GM, which filed for bankruptcy protection Monday, announced earlier Tuesday that a buyer had been found for the off-roadd vehicle line, the name was not immediately disclosed. a major industrial machinery will acquire the rights to theHummer brand, alonv with a senior management and operational team. It will also assumde existing dealer agreements relatingto HUMMER’ws dealership network. It is contemplated that Tengzhonhg will, as part of the transaction, enter into a long-term contract assembly and key component and material supply agreemenytwith GM. In an earlier statement, GM said it expecta the deal if successful to secured morethan 3,000 US jobs.
The final termes of the deal, scheduled to close in the third quarter, are subject to final negotiations. The cost of the transactiomn wasnot revealed. is acting as exclusivse financial advisor and is acting as international legalo counsel to Tengzhong on this Citi is acting as financial advisorto GM.
When GM, which filed for bankruptcy protection Monday, announced earlier Tuesday that a buyer had been found for the off-roadd vehicle line, the name was not immediately disclosed. a major industrial machinery will acquire the rights to theHummer brand, alonv with a senior management and operational team. It will also assumde existing dealer agreements relatingto HUMMER’ws dealership network. It is contemplated that Tengzhonhg will, as part of the transaction, enter into a long-term contract assembly and key component and material supply agreemenytwith GM. In an earlier statement, GM said it expecta the deal if successful to secured morethan 3,000 US jobs.
The final termes of the deal, scheduled to close in the third quarter, are subject to final negotiations. The cost of the transactiomn wasnot revealed. is acting as exclusivse financial advisor and is acting as international legalo counsel to Tengzhong on this Citi is acting as financial advisorto GM.
Saturday, April 9, 2011
Ryc Loope out as director of MRED program at ASU - Phoenix Business Journal:
ivanqukeafelovo.blogspot.com
Loope announced he was out in an e-maipl sent May 11 to friends, supportere and colleagues. He cited the university’s decision to move the MRED programk from the ASU College of Desigh tothe W.P. Carey School of Businesw as the reason forthe change. “Wityh the MRED program now being administratively directed from the Careg Schoolof Business, I am requirec to step out of the directorship of the MRED I want you to know that I am very disappointede not to be able to continur the efforts we have begun together,” Loope wrote in the e-mail. Loops was on his way to Las Vegase for an International Council of Shopping Centers event on Fridagy and was unable tocomment further.
Joan Capelin, a spokeswomab for the ASU Collegeof Design, said Loope is stillo with the program. “There’s an ongoiny relationship. He’s out of the directorf position, but he’s not out of MRED or she said. Details of Loope’s plans were not availablew Friday. One student who graduated with the inaugural class in 2007 said she is worriex aboutthe changes. “Mgy understanding is that the Carey Schoo did not have an interest in this program to begin and I feel they couldx dissolve it in a coupleof years,” said Suzanne owner of Gammage Realty Group. Localp attorney and MRED supporter Jordan Rose is takingya wait-and-see approach.
“In a city that is arguablh the capital of real estate in the I am hopeful that this move will not diminisnh one of the finest programs in the Rose said. “My law firm has hirexd two MRED students, and they are a rare combination of businesxsand planning. You could never find anyone like that who had been formallyt trainedbefore MRED.” Robert Mittelstaedt, dean of the Carey confirmed Friday that Loope remains a member of the faculty. He also said the business school very much supportwsthe program. “We at W.P. Carey were involved in MRED from the We were never against the he said.
The curriculum will remain largelythe same, he with an interdisciplinary approach that includes law, construction and design. Virgikl Renzulli, a spokesman for ASU President Michael said the changes made sense give theeconomic climate, and because the College of Design was merged into the Katherine K. Herberged College of the Arts. That decision was made aftee Wellington “Duke” Reiter stepped down as dean of ASU’x College of Design to assumee the presidency of the Art Institutdof Chicago. “This was an appropriate time to conside r where the Master of Real Estatw Development should be properly be academically and administratively Renzulli said.
“MRED is being moved administrativelyy tothe W.P. Carey School of Business in addition to curriculum necessargy forthe program, the schoopl has support resources that can benefit students and program operations.” Renzulli did not comment on Loope’as status with the university, but said, “Ryc Loops has completed his normal three-yearf appointment as director. Professor Michael Mokwa has been appointedrinterim director, and a searcjh has begun for a new
Loope announced he was out in an e-maipl sent May 11 to friends, supportere and colleagues. He cited the university’s decision to move the MRED programk from the ASU College of Desigh tothe W.P. Carey School of Businesw as the reason forthe change. “Wityh the MRED program now being administratively directed from the Careg Schoolof Business, I am requirec to step out of the directorship of the MRED I want you to know that I am very disappointede not to be able to continur the efforts we have begun together,” Loope wrote in the e-mail. Loops was on his way to Las Vegase for an International Council of Shopping Centers event on Fridagy and was unable tocomment further.
Joan Capelin, a spokeswomab for the ASU Collegeof Design, said Loope is stillo with the program. “There’s an ongoiny relationship. He’s out of the directorf position, but he’s not out of MRED or she said. Details of Loope’s plans were not availablew Friday. One student who graduated with the inaugural class in 2007 said she is worriex aboutthe changes. “Mgy understanding is that the Carey Schoo did not have an interest in this program to begin and I feel they couldx dissolve it in a coupleof years,” said Suzanne owner of Gammage Realty Group. Localp attorney and MRED supporter Jordan Rose is takingya wait-and-see approach.
“In a city that is arguablh the capital of real estate in the I am hopeful that this move will not diminisnh one of the finest programs in the Rose said. “My law firm has hirexd two MRED students, and they are a rare combination of businesxsand planning. You could never find anyone like that who had been formallyt trainedbefore MRED.” Robert Mittelstaedt, dean of the Carey confirmed Friday that Loope remains a member of the faculty. He also said the business school very much supportwsthe program. “We at W.P. Carey were involved in MRED from the We were never against the he said.
The curriculum will remain largelythe same, he with an interdisciplinary approach that includes law, construction and design. Virgikl Renzulli, a spokesman for ASU President Michael said the changes made sense give theeconomic climate, and because the College of Design was merged into the Katherine K. Herberged College of the Arts. That decision was made aftee Wellington “Duke” Reiter stepped down as dean of ASU’x College of Design to assumee the presidency of the Art Institutdof Chicago. “This was an appropriate time to conside r where the Master of Real Estatw Development should be properly be academically and administratively Renzulli said.
“MRED is being moved administrativelyy tothe W.P. Carey School of Business in addition to curriculum necessargy forthe program, the schoopl has support resources that can benefit students and program operations.” Renzulli did not comment on Loope’as status with the university, but said, “Ryc Loops has completed his normal three-yearf appointment as director. Professor Michael Mokwa has been appointedrinterim director, and a searcjh has begun for a new
Thursday, April 7, 2011
Doyle vows fight for Chrysler, GM plants - Houston Business Journal:
http://www.nelweb.biz/user_detail.php?u=pneurgign
Doyle said that the managementof Detroit-based GM, whichb Monday filed for Chapter 11 reorganization, has publicluy confirmed that the now-shuttered Janesville plant is one of threse plants being considered to manufacture small cars in the future. The Janesville plant had more than 1,200 employeews who assembled pickup trucksand SUVs, vehicles for which deman has plummeted during the receng era of high gas prices.
The governod also said that Chrysler's 850-employee engine plant in Kenosha, whicu is slated to be closed underdthat automaker's reorganization under bankruptcy, won'rt be sold, leaving the possibility that Chrysler'ws new partner, the Italian auto manufacturer could acquire the plant. Fiat is expected to begih producing cars in the United Statess under its partnership withAuburm Hills, Mich.-based Chrysler. Doyle said in a statement that his administratioj will focus on making those possibilitiesa reality. "My staff, the leadership teams and I have continuallty been working at thehighest levels, including the Whitde House, to fight for Janesville and Doyle said.
“Everything we have been fighting for is to get us tothis point," he "We are in a positive position with each and we are going to compete very aggressivel for everything moving forward.
Doyle said that the managementof Detroit-based GM, whichb Monday filed for Chapter 11 reorganization, has publicluy confirmed that the now-shuttered Janesville plant is one of threse plants being considered to manufacture small cars in the future. The Janesville plant had more than 1,200 employeews who assembled pickup trucksand SUVs, vehicles for which deman has plummeted during the receng era of high gas prices.
The governod also said that Chrysler's 850-employee engine plant in Kenosha, whicu is slated to be closed underdthat automaker's reorganization under bankruptcy, won'rt be sold, leaving the possibility that Chrysler'ws new partner, the Italian auto manufacturer could acquire the plant. Fiat is expected to begih producing cars in the United Statess under its partnership withAuburm Hills, Mich.-based Chrysler. Doyle said in a statement that his administratioj will focus on making those possibilitiesa reality. "My staff, the leadership teams and I have continuallty been working at thehighest levels, including the Whitde House, to fight for Janesville and Doyle said.
“Everything we have been fighting for is to get us tothis point," he "We are in a positive position with each and we are going to compete very aggressivel for everything moving forward.
Tuesday, April 5, 2011
Obama touts 'Tax Cut Calculator' - USA Today
lamoreuuceses1724.blogspot.com
USA Today | Obama touts 'Tax Cut Calculator' USA Today The White House website has produced a Tax Cut Calculator, a "tool that shows individuals and families how these tax cuts -- some of which are hitting paychecks right now -- will affect their taxes for 2011." The blog post does not mention that the tax ... White House rolls out calculator to promote tax cut savings White House Launches Tax Cut Calculator Exclusive: The Obama tax-cut calculator. Yes, tax CUT. |
Sunday, April 3, 2011
SMF Energy announces $40M recapitalization - Atlanta Business Chronicle:
http://www.louisianaattorneylawyer.com/user_detail.php?u=horinfeno
The company (NASDAQ: said in a news releasse that it estimates the recapitalization will reducewits short-term debt by $9.5 million, its totapl debt by $4.4 million and its cash requirements for interest and dividends by more than $1 million a It said shareholders' equity has been increasex by more than $4 million as a SMF Energy said it extinguished all of its existin g non-bank debt and outstanding preferref stock through various agreements with dozens of existinbg debt and equity investors, while convertingt its existing $25 million asset-based lending facilitty into a new, more three-year, $20 million asset-based lending facilituy and a $5 60-month amortized term loan, the proceedsx of which were used to pay down $4.
867 millionn in secured notes and $125,000 in unsecuresd notes. The company said it issuee new stock to make up the balance paid for the cancellation and extinguishmenr of the existing debt andequity securities. Fort Lauderdale-based SMF Energy said in the release that the recapitalization took places with amended agreements withand . It said the only non-bano debt incurred in the recapitalization was an unsecurer subordinated promissory noteof $800,000 at 5.5 percenrt interest issued to an existinv institutional investor in exchangre for $800,000 of one of the August 2007 11 percenr senior secured convertible promissory notes.
The institutional investor also exchanged $200,000 of the same secured note for shares of commonb stock priced at 38 cents a which was greater than the closing bid priced of the stock on the day before the effective acted as SMF Energy’w placement agent for the recapitalization and received fees of paid with a combinationn of cash and securities, pursuant to a Feb. 1 investmenr banking agreement. SMF Energy supplies specialized transportatioh and distribution services for petroleum productwsand chemicals.
It provides commerciapl mobile andbulk fueling, along with other servicesz to the transportation, construction, energy, telecommunications and government services Formerly known as , as of Nov. 30, it conducter operations through 31 service locations in11 states. Sharesw closed down nearly 3 cents to about 35 The 52-week high was 71 centes on Aug. 28. The 52-weeik low was 10 cents on Feb. 20.
The company (NASDAQ: said in a news releasse that it estimates the recapitalization will reducewits short-term debt by $9.5 million, its totapl debt by $4.4 million and its cash requirements for interest and dividends by more than $1 million a It said shareholders' equity has been increasex by more than $4 million as a SMF Energy said it extinguished all of its existin g non-bank debt and outstanding preferref stock through various agreements with dozens of existinbg debt and equity investors, while convertingt its existing $25 million asset-based lending facilitty into a new, more three-year, $20 million asset-based lending facilituy and a $5 60-month amortized term loan, the proceedsx of which were used to pay down $4.
867 millionn in secured notes and $125,000 in unsecuresd notes. The company said it issuee new stock to make up the balance paid for the cancellation and extinguishmenr of the existing debt andequity securities. Fort Lauderdale-based SMF Energy said in the release that the recapitalization took places with amended agreements withand . It said the only non-bano debt incurred in the recapitalization was an unsecurer subordinated promissory noteof $800,000 at 5.5 percenrt interest issued to an existinv institutional investor in exchangre for $800,000 of one of the August 2007 11 percenr senior secured convertible promissory notes.
The institutional investor also exchanged $200,000 of the same secured note for shares of commonb stock priced at 38 cents a which was greater than the closing bid priced of the stock on the day before the effective acted as SMF Energy’w placement agent for the recapitalization and received fees of paid with a combinationn of cash and securities, pursuant to a Feb. 1 investmenr banking agreement. SMF Energy supplies specialized transportatioh and distribution services for petroleum productwsand chemicals.
It provides commerciapl mobile andbulk fueling, along with other servicesz to the transportation, construction, energy, telecommunications and government services Formerly known as , as of Nov. 30, it conducter operations through 31 service locations in11 states. Sharesw closed down nearly 3 cents to about 35 The 52-week high was 71 centes on Aug. 28. The 52-weeik low was 10 cents on Feb. 20.
Saturday, April 2, 2011
A123 prices offerings, expects $223M in proceeds - Bizjournals.com
http://needaccomodation.com/user_detail.php?u=prepsispegram
A123 prices offerings, expects $223M in proceeds Bizjournals.com A123 Systems Inc. (Nasdaq:AONE) announced the pricing of its stock and bond offerings Friday and said it expects net proceeds of at least $223.3 million from the offerings. The Waltham, Mass.-based company, a maker of lithium-ion batteries for electric ... A123 Systems f » |
Subscribe to:
Posts (Atom)