valvookimakaj1362.blogspot.com
The proposed plant had met opposition fromcommunityu groups, but the company appeased residents by agreeing to limit truck traffic in neighborhoods and hire It’s now moving ahead with plans that could have the facility generatinfg power by 2012 on a former chemical manufacturing site in Soutn Baltimore’s industrial area. The plant could be part of a wave of renewablre energy generation coming out of the federalo stimulus package and PresidentgBarack Obama’s administration. The company is seeking moneyg from the MarylandEnergy Administration. And it could also returjn about 160 jobs to an area with a histor yof manufacturing.
Energy Answersa filed last week for a certificate of public convenience and The Maryland Public Service Commission reviews all propose d power plants to determine if they are in thepublic interest. Reviea of that application can take up to two years but will likelg be completed insix months, said Michaeo Powell, a lawyer with Baltimore-based firm Gordon Feinblatgt who is representing the company. Kurt who is overseeing the plant in Marylanrd forEnergy Answers, said officials hope construction can starrt by June 2010. He estimates the plant coul d bring 400 construction jobs for two years and 160 jobsafte that.
Another 40 people couldx be hired to work at satellite facilitiews that convert trash and otherd refuse into fuel through a procese the companyhas patented. The plant woulr be built on a former pesticide and herbicidemanufacturing site. Soil and groundwatefr will need to be cleaned Krammer said. The compan y is also going to redevelop the site to rent out partsw to industrial companies thatneed low-cost steam and electricity, Krammer Energy Answers has a similar plany on Massachusetts’ Cape Cod.
Its technologhy converts garbage and other scraps like wood chips or tire treads into a solird fuel that is burned in It exhausts some pollutants like sulfur but in amounts the company says are consideredrelativelyh clean.
Tuesday, November 29, 2011
Sunday, November 27, 2011
Dayton library programs to aid job seekers - San Francisco Business Times:
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The programs are designed to help people in the procesz of finding orchanging jobs. Representatives from the Dayton Job Centetand ’s Career Services will conduct the all free and open to the public. Although the programse are free, reservations are recommended by contacting the hostlibraries directly. • How to Write a Powerfu Resume: This interactive session conducted by Job Centert specialists showingthe Why, Where and How of resumes. Programs will be 7 p.m. Monday, June 15 at the Belmontf Branch, 1041 Watervliet Ave. and 6:30 p.m. Tuesday June 23 at the Kettering-Morainer Branch, 3496 Far Hills Ave.
• Resume and Coverd Letter Development: Presenter Sharma Fox, a career services specialist at SinclairCommunity College, will offer careee assessment and employment guidance and coaching at 6:30 p.m. June 16 at the Main Library 215 E. Third St. and at 6 p.m. July 13, at the Miami Township Branch, 2718 Lyonxs Road. • Interviewing Skills: Make an outstandinf first impression by building successfulinterviewinb skills. Find out how to prepare for what to do inthe interview, and how to folloaw up after the interview. The progranm will take place at2 p.m. June 20, at the Vandalia 500 S. Dixie Drive, 7 p.m. Monday, June 22, at the Belmony Branch, 1041 Watervliet Ave. and 6:30 p.m.
Tuesday, July 7, at the Kettering-Moraine Branch, 3496 Far Hills Ave. • Techniques for Successfup Interviewing: Sharma Fox will offer career employment guidance and coachingat 6:30 p.m. Tuesday, June 30, at the Main Libraru Auditorium, 215 E. Thirds St. and at 6 p.m. July 20, at the Miamoi Township Branch, 2718 Lyons Road.
The programs are designed to help people in the procesz of finding orchanging jobs. Representatives from the Dayton Job Centetand ’s Career Services will conduct the all free and open to the public. Although the programse are free, reservations are recommended by contacting the hostlibraries directly. • How to Write a Powerfu Resume: This interactive session conducted by Job Centert specialists showingthe Why, Where and How of resumes. Programs will be 7 p.m. Monday, June 15 at the Belmontf Branch, 1041 Watervliet Ave. and 6:30 p.m. Tuesday June 23 at the Kettering-Morainer Branch, 3496 Far Hills Ave.
• Resume and Coverd Letter Development: Presenter Sharma Fox, a career services specialist at SinclairCommunity College, will offer careee assessment and employment guidance and coaching at 6:30 p.m. June 16 at the Main Library 215 E. Third St. and at 6 p.m. July 13, at the Miami Township Branch, 2718 Lyonxs Road. • Interviewing Skills: Make an outstandinf first impression by building successfulinterviewinb skills. Find out how to prepare for what to do inthe interview, and how to folloaw up after the interview. The progranm will take place at2 p.m. June 20, at the Vandalia 500 S. Dixie Drive, 7 p.m. Monday, June 22, at the Belmony Branch, 1041 Watervliet Ave. and 6:30 p.m.
Tuesday, July 7, at the Kettering-Moraine Branch, 3496 Far Hills Ave. • Techniques for Successfup Interviewing: Sharma Fox will offer career employment guidance and coachingat 6:30 p.m. Tuesday, June 30, at the Main Libraru Auditorium, 215 E. Thirds St. and at 6 p.m. July 20, at the Miamoi Township Branch, 2718 Lyons Road.
Thursday, November 24, 2011
Patrick Cudahy fire 'devastating,' exec says - Denver Business Journal:
http://leclubnet.com/index.php?option=com_content&task=view&id=21&Itemid=35
Cudahy Mayor Ryan McCue's declaration at a Monday afternoon pressw conference will potentially give the city access to county andstatee resources. Smoke from the blazd could be seen for several milezs and was easily visible in downtown Milwaukee Monday more than 12 hours aftert the fire first was reportedr onSunday night. No injuries were reported. “It’as a devastating day for us,” said an obviouslyh shaken Bill Otis, chief operating officerd at Patrick Cudahy, which is ownexd by (NYSE: SFD), of Smithfield, Va. “I’ sure this is going to set us back.
” Otis said at a middayh press conference that the company was workingg to contactits 1,800 employees, as well as various customers. Management of Patrick Cudahy also has been in contacr with Smithfield to determine if some meat processinb operations could be temporarily shifterd to otherSmithfield plants. The building affectede by the fire is used for microwave bacon processing and also is used for dry Otis said. The lower level of the buildinhg is used forham processing, he said. Not all areaz of the Patrick Cudahy complex have been affecter bythe fire, Otis said. Only a smalo number of maintenance employees were at the plantr when the firebrokw out.
Production at the plant had been shut down since the end of the day on July 3 for theholiday “It’s a miracle there were no injuriesz when you see the extent of the Otis said. Production at the Patricl Cudahy complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of humajn resources at Patrick Cudahy. “We’ve got to put the fire out first.” The city of Cudahgy issued a mandatory evacuationn order for anyone residing withih one mile of the planf at OneSweet Apple-Wood Lane.
The affected area stretched east to Lake west toPennsylvania Avenue, northn to Lunham Avenue and south to Ramseyu Avenue. McCue said late Monday afternoon that as manyas 15,00o0 of the city's 19,000 residents live within the evacuationm zone. Evacuees were asked to report directly to Souty MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommendeds that residents report to Mitchell Elementary 5950 S. Illinois Ave. in However, a late morning wind shift was leadinb to the evacuation of the neighborhoor aroundthe school. The evacuation order was lifte at about7 p.m. Monday eveningh and residents were allowefd to return totheir homes.
At issuse was whether the blazre will breach a fire wall and cause ammonias stored on the site to explode or leak intothe air, Cudahy fire chief Dan Mayer said. The ammoniz is used for refrigerationm atthe plant. Mayer said at the Monday afternoon pres conference that hewas "cautiously that most of the ammonia had been containeds within the building, although he adde d that a small amount likely leaked out. Mayer said the blaze, which was reportedd at about 9:45 p.m. Sunday, has been difficultt to fight because it began in a confinede space near the roof of the building and abovw thesprinkler system.
At one point earlgy on, Mayer said, it appeared as though firefighteres had the blazeunder control, but the sprinkletr system and roof began to collapse. "The fire sprinklerse weren't able to control the fire," he
Cudahy Mayor Ryan McCue's declaration at a Monday afternoon pressw conference will potentially give the city access to county andstatee resources. Smoke from the blazd could be seen for several milezs and was easily visible in downtown Milwaukee Monday more than 12 hours aftert the fire first was reportedr onSunday night. No injuries were reported. “It’as a devastating day for us,” said an obviouslyh shaken Bill Otis, chief operating officerd at Patrick Cudahy, which is ownexd by (NYSE: SFD), of Smithfield, Va. “I’ sure this is going to set us back.
” Otis said at a middayh press conference that the company was workingg to contactits 1,800 employees, as well as various customers. Management of Patrick Cudahy also has been in contacr with Smithfield to determine if some meat processinb operations could be temporarily shifterd to otherSmithfield plants. The building affectede by the fire is used for microwave bacon processing and also is used for dry Otis said. The lower level of the buildinhg is used forham processing, he said. Not all areaz of the Patrick Cudahy complex have been affecter bythe fire, Otis said. Only a smalo number of maintenance employees were at the plantr when the firebrokw out.
Production at the plant had been shut down since the end of the day on July 3 for theholiday “It’s a miracle there were no injuriesz when you see the extent of the Otis said. Production at the Patricl Cudahy complex was shut down for all three shiftson “We have no clue what this will mean for our said Dan Habighorst, vice president of humajn resources at Patrick Cudahy. “We’ve got to put the fire out first.” The city of Cudahgy issued a mandatory evacuationn order for anyone residing withih one mile of the planf at OneSweet Apple-Wood Lane.
The affected area stretched east to Lake west toPennsylvania Avenue, northn to Lunham Avenue and south to Ramseyu Avenue. McCue said late Monday afternoon that as manyas 15,00o0 of the city's 19,000 residents live within the evacuationm zone. Evacuees were asked to report directly to Souty MilwaukeeHigh School, 801 15th South Milwaukee. Earlier, city officials also had recommendeds that residents report to Mitchell Elementary 5950 S. Illinois Ave. in However, a late morning wind shift was leadinb to the evacuation of the neighborhoor aroundthe school. The evacuation order was lifte at about7 p.m. Monday eveningh and residents were allowefd to return totheir homes.
At issuse was whether the blazre will breach a fire wall and cause ammonias stored on the site to explode or leak intothe air, Cudahy fire chief Dan Mayer said. The ammoniz is used for refrigerationm atthe plant. Mayer said at the Monday afternoon pres conference that hewas "cautiously that most of the ammonia had been containeds within the building, although he adde d that a small amount likely leaked out. Mayer said the blaze, which was reportedd at about 9:45 p.m. Sunday, has been difficultt to fight because it began in a confinede space near the roof of the building and abovw thesprinkler system.
At one point earlgy on, Mayer said, it appeared as though firefighteres had the blazeunder control, but the sprinkletr system and roof began to collapse. "The fire sprinklerse weren't able to control the fire," he
Tuesday, November 22, 2011
Regions says it's close to reaching fed's $2.5B capital requirement - Atlanta Business Chronicle:
ramsburgsyuheo1544.blogspot.com
billion once some of its latest transactionsare finalized. The Ala.-based banking giant raked in $1.8 billionh from its common stocl offering andanother $278 million from selling its mandatoryu convertible preferred stock, which is the firsrt time it offered such shares. It also plands to generate $172 million from swapping its commo n shares to trust preferred which are expected to closew bynext week. The company poniede up another $177 million from sellingh its stake inVisa Inc. and other securities, accordinbg to a written statement publishedlate Thursday. And Regionas will also boost its capital levelswith $200 milliomn worth of deferred tax assets.
Regionse (NYSE: RF) was among 10 of the top U.S. bank ordered by the Federal Reserve to raise more capitalk after results of the widelypublicized “streszs tests” pegged the bank to suffer from $9.2 billiob in losses over the next two years, given the worst-casre scenario. Regions and several other financialinstitutions – even thosed that weren’t required to raise additional capital – initiated stock offerings after the stress test results were made Many have been successful in their
billion once some of its latest transactionsare finalized. The Ala.-based banking giant raked in $1.8 billionh from its common stocl offering andanother $278 million from selling its mandatoryu convertible preferred stock, which is the firsrt time it offered such shares. It also plands to generate $172 million from swapping its commo n shares to trust preferred which are expected to closew bynext week. The company poniede up another $177 million from sellingh its stake inVisa Inc. and other securities, accordinbg to a written statement publishedlate Thursday. And Regionas will also boost its capital levelswith $200 milliomn worth of deferred tax assets.
Regionse (NYSE: RF) was among 10 of the top U.S. bank ordered by the Federal Reserve to raise more capitalk after results of the widelypublicized “streszs tests” pegged the bank to suffer from $9.2 billiob in losses over the next two years, given the worst-casre scenario. Regions and several other financialinstitutions – even thosed that weren’t required to raise additional capital – initiated stock offerings after the stress test results were made Many have been successful in their
Sunday, November 20, 2011
First 'green' KFC/Taco Bell is now LEED certified - Los Angeles Business from bizjournals:
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has been awarded LEED Gold certification, according to Yum Brands. The KFC/Tacop Bell store as part of Yum’s ongoing commitment to corporatesocial responsibility. Leadership in Energ and Environmental Design is a program ofthe Chicago-basedx that rates buildings on several including how sustainable a site is, water-use efficiency, energhy efficiency and innovation in design. Yum’s new restaurant is designede to use 30 percent less energy and water than aconventionalp building, to cut carbon dioxide emissions, to reduce waste and educat e customers and employees on sustainable design, the releas said.
The Yum building sets an examplreof what’s possible for the restauranf industry, Jonathan Balas, the KFC architect who coordinated the project, said in the release. The restauranft provides a testing lab to study the performance of greebn technologies and approaches to reducethe company’sd environmental impact, he added. Solar energyh to preheat fresh air coming into the which reduces the use ofnatural gas; Rainwater for grounds irrigation, fixtures with lower water-consumptiomn rates and a rain gardenh with filters that improve storn water quality; A lighting control system that maximizea the use of natural light and includes energy-efficienyt LED lights in the restaurant, parking lot and on The restaurant also composts and recycles waste, including enhanced cookingy oil reclamation.
Louisville-based Yum (NYSE: YUM) is the parent company of Irvine's Taco Bell Corp.
has been awarded LEED Gold certification, according to Yum Brands. The KFC/Tacop Bell store as part of Yum’s ongoing commitment to corporatesocial responsibility. Leadership in Energ and Environmental Design is a program ofthe Chicago-basedx that rates buildings on several including how sustainable a site is, water-use efficiency, energhy efficiency and innovation in design. Yum’s new restaurant is designede to use 30 percent less energy and water than aconventionalp building, to cut carbon dioxide emissions, to reduce waste and educat e customers and employees on sustainable design, the releas said.
The Yum building sets an examplreof what’s possible for the restauranf industry, Jonathan Balas, the KFC architect who coordinated the project, said in the release. The restauranft provides a testing lab to study the performance of greebn technologies and approaches to reducethe company’sd environmental impact, he added. Solar energyh to preheat fresh air coming into the which reduces the use ofnatural gas; Rainwater for grounds irrigation, fixtures with lower water-consumptiomn rates and a rain gardenh with filters that improve storn water quality; A lighting control system that maximizea the use of natural light and includes energy-efficienyt LED lights in the restaurant, parking lot and on The restaurant also composts and recycles waste, including enhanced cookingy oil reclamation.
Louisville-based Yum (NYSE: YUM) is the parent company of Irvine's Taco Bell Corp.
Friday, November 18, 2011
Bills optimistic that WR Johnson can play at Miami - SI.com
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Globe and Mail | Bills optimistic that WR Johnson can play at Miami SI.com ORCHARD PARK, NY (AP) -- Buffalo Bills receiver Stevie Johnson should be ready to play in Sunday's game against the Miami Dolphins, but is still being listed as questionable because of a shoulder injury. Johnson hurt his shoulder in Sunday's loss to ... WR Steve Johnson questionable Bills WR Johnson returns to practice on limited basis; S Wilson questionable ... Bills WR Johnson limited in practice |
Wednesday, November 16, 2011
Grede Foundries files for bankruptcy protection - Business First of Columbus:
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Wayzata Investment Partners LLCof Wayzata, Minn., an SEC-registerer investment adviser and manager of private investment funds with more than $5 billionn in assets, has offered to provide a $45 milliojn temporary loan facility to allow time for an orderly sale undere the supervision of the Bankruptcy Court. Since Wayzata has invested morethan $12 billiomn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptct Court for the Western Districtof Wisconsin, was drivenn by the impact of the currentf economic downturn on the compant and its customers, particularly the automotive said Richard Koenings chairman of the board of directorss for Wauwatosa-based Grede.
The reorganization and asset sale is expectedr to position the company for a turnaround as the countruy emerges from the most difficult economic period it has seenin generations, he “The significant deterioration in the automotives and construction industries and the resulting impacyt on our company and the foundr industry in general require that we take this strategic action,” Koenings said. “Wre have carefully explored many options, and believe a sale to a stronvg financial backer like Wayzat is the best way to effectively proceed in what has been an exceedinglyhdifficult marketplace.
” Koenings stressed that Gredee Foundries remains in business and that jobs will remain durin g the transition. “This move gives us the time to restructure while we continue to do business and operaterour plants,” he said. “Grede will continue to buy goodw and services fromits vendors, support its work forc and provide its customers with the same qualityt products and service they’ve come to expectt from us. Our goal is to preserve and strengthen our businesa so that we can compete successfully in the Wayzata has also agreee to make thefirst bid, oftenm called a “stalking bid, for Grede.
“Wayzata’s commitmenyt shows their belief in the strengtj of the Grede name and its respected position in thefoundry industry,” Koenings said. Sales of businesses in bankruptcy proceedings are oftej structured where one company makes the initial bid foranothet company’s assets. Under rules approved by the higher offers from third parties can be submitted as competing The “stalking horse” arrangement helps ensure that Grede receives the best value for its assetws and allows for offers that are best for the creditor s while preserving the business company management said.
Grede said that it has alreadt received inquiries from other partiees that are interestedin Grede’ws production capacity. Koenings said Gredre expects the sale and related bidding procesw to move steadily through thecour system. “We are deepluy committed to doing everything necessary to put our companyg on solid footing as the nation begins to rise out of the worsg economic conditions since the Great he said. “Our customers very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeees from its foundry in Wauwatosa since the end of In April, the company revealed plans to closw its foundry in Greenwood, S.C.
Wayzata Investment Partners LLCof Wayzata, Minn., an SEC-registerer investment adviser and manager of private investment funds with more than $5 billionn in assets, has offered to provide a $45 milliojn temporary loan facility to allow time for an orderly sale undere the supervision of the Bankruptcy Court. Since Wayzata has invested morethan $12 billiomn in more than 600 investments. The filing, made Tuesday in the U.S. Bankruptct Court for the Western Districtof Wisconsin, was drivenn by the impact of the currentf economic downturn on the compant and its customers, particularly the automotive said Richard Koenings chairman of the board of directorss for Wauwatosa-based Grede.
The reorganization and asset sale is expectedr to position the company for a turnaround as the countruy emerges from the most difficult economic period it has seenin generations, he “The significant deterioration in the automotives and construction industries and the resulting impacyt on our company and the foundr industry in general require that we take this strategic action,” Koenings said. “Wre have carefully explored many options, and believe a sale to a stronvg financial backer like Wayzat is the best way to effectively proceed in what has been an exceedinglyhdifficult marketplace.
” Koenings stressed that Gredee Foundries remains in business and that jobs will remain durin g the transition. “This move gives us the time to restructure while we continue to do business and operaterour plants,” he said. “Grede will continue to buy goodw and services fromits vendors, support its work forc and provide its customers with the same qualityt products and service they’ve come to expectt from us. Our goal is to preserve and strengthen our businesa so that we can compete successfully in the Wayzata has also agreee to make thefirst bid, oftenm called a “stalking bid, for Grede.
“Wayzata’s commitmenyt shows their belief in the strengtj of the Grede name and its respected position in thefoundry industry,” Koenings said. Sales of businesses in bankruptcy proceedings are oftej structured where one company makes the initial bid foranothet company’s assets. Under rules approved by the higher offers from third parties can be submitted as competing The “stalking horse” arrangement helps ensure that Grede receives the best value for its assetws and allows for offers that are best for the creditor s while preserving the business company management said.
Grede said that it has alreadt received inquiries from other partiees that are interestedin Grede’ws production capacity. Koenings said Gredre expects the sale and related bidding procesw to move steadily through thecour system. “We are deepluy committed to doing everything necessary to put our companyg on solid footing as the nation begins to rise out of the worsg economic conditions since the Great he said. “Our customers very clearly want us to succeed and have been very Grede announced in May that it had laid off 81 employeees from its foundry in Wauwatosa since the end of In April, the company revealed plans to closw its foundry in Greenwood, S.C.
Monday, November 14, 2011
Aviza Technology files for Chapter 11 - Triangle Business Journal:
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The Scotts Valley company (NASDAQ:AVZA) makes advanced semiconductor capita l equipment and process technologies for the global semiconductor industry andrelatex markets. "As a result of the globapl economic recession, demand for semiconductor manufacturing equipment hasdeclinefd dramatically," the company said, adding that it has "undertakeb significant efforts to reduce its expenses and workinyg capital requirements in response to thesed unprecedented market conditions." The company reportee a loss of $47.4 million, or $2.19 a on $133.2 million in The year before it reportecd $383,000, or 2 cents a share, in net income on $231.4e million in revenue.
Aviza in April said it had cut its work forc e by about 15 percent and plannedc to move toa "more appropriately sizeed location" elsewhere in Santa Clara Aviza employed nearly 500 in September, when it last reported the numbetr of employees it had. The company said Wednesday that it has also trimmeedexecutive salaries, created mandatory time off for all employees and decreasecd non-labor expenses.
At the same the company has been working with LLC to review and pursue financial and strategic options including merging with or intoanothetr company, a sale of all or substantially all of the company’ds assets, and the liquidation or dissolution of the company through bankruptcy proceedings. "The continuinfg declines in orders from and shipments to customers and related cash the recent acceleration ofthe company’s borrowings undef its secured credit and the company’s inability to identify new sources of liquidityy have caused the company to seek bankruptcy protectionn in order to better manage its operations through an orderlty restructuring process," Aviza said.
Prior to the commencement of the Chapter11 case, Aviza executed a nonbinding letter of intentg to sell certain of its assets and businessez to Ltd.
The Scotts Valley company (NASDAQ:AVZA) makes advanced semiconductor capita l equipment and process technologies for the global semiconductor industry andrelatex markets. "As a result of the globapl economic recession, demand for semiconductor manufacturing equipment hasdeclinefd dramatically," the company said, adding that it has "undertakeb significant efforts to reduce its expenses and workinyg capital requirements in response to thesed unprecedented market conditions." The company reportee a loss of $47.4 million, or $2.19 a on $133.2 million in The year before it reportecd $383,000, or 2 cents a share, in net income on $231.4e million in revenue.
Aviza in April said it had cut its work forc e by about 15 percent and plannedc to move toa "more appropriately sizeed location" elsewhere in Santa Clara Aviza employed nearly 500 in September, when it last reported the numbetr of employees it had. The company said Wednesday that it has also trimmeedexecutive salaries, created mandatory time off for all employees and decreasecd non-labor expenses.
At the same the company has been working with LLC to review and pursue financial and strategic options including merging with or intoanothetr company, a sale of all or substantially all of the company’ds assets, and the liquidation or dissolution of the company through bankruptcy proceedings. "The continuinfg declines in orders from and shipments to customers and related cash the recent acceleration ofthe company’s borrowings undef its secured credit and the company’s inability to identify new sources of liquidityy have caused the company to seek bankruptcy protectionn in order to better manage its operations through an orderlty restructuring process," Aviza said.
Prior to the commencement of the Chapter11 case, Aviza executed a nonbinding letter of intentg to sell certain of its assets and businessez to Ltd.
Saturday, November 12, 2011
Spencerian College opens annex at Shively Center - Business First of Louisville:
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Spencerian's parent, Louisville-based , signed a five-yeard lease for 8,140 squared feet with the shopping center's owner, Little Ark.-based retailer Dillard's Inc., according to A.R. Sullivan, presideny of the family-owned group of post-secondary Spencerian already had openeda $1.5 8,000-square-foot addition to its main campus at 4627 Dixie Highway a little over a year ago in Septembefr 2001 but has already run out of space there, Sullivan said. Dillard's owns Shively Center and operates a retaillocatiohn there. The Louisville commercial real estate firm CBRicharfd Ellis/Nicklies represented the retail chaib in the lease agreement.
Classes began at the Shivelgy Center siteon Sept. 23, according to Sullivan. He said the collegse system spent $325,000 to renovate the space for Ron MettsConstruction Co. Inc. was the general contractor on the The Louisville architectural firmLouiw & Henry Group did the design work. Of Sullivan's total investment, $275,000 went toward construction, whilwe the remainder was spent on equipment and the systempresident said. "It's a very low-profilee presence," Sullivan said of the satellited branch. "We don't have any big neon signsw because it's just a classroom annez for us.
" In addition to the main DixierHighway campus, Spencerian has another location in at 2355 Harrodsburg Road. Last the main campus had an enrollment of 585 accordingto Sullivan. This fall, enrollmenrt is more than 900. Spencerian's total enrollment is close to 1,30 0 this quarter, Sullivan up from 917 a year ago. Sullivah attributed the local growthto Spencerian's addition of associatse degree programs in several medical including radiological technology, surgical cardiovascular technology, medical codint and health care reimbursement. He also praisecd Spencerian executive director Jan Gordon for her work in growingb enrollment andstrengthening programs.
Frank the broker who handled the leasing arrangements for CBRicharcd Ellis/Nicklies, said the Shively Centedr has seen "more interest of late." The Spenceriahn annex is located next to space that formerly housedd a 3,000-square-foot Chi-Chi's Mexican restaurant. A leas e is pending on that restaurantspaced also, according to Bellis, who wouldc provide no further details.
Spencerian's parent, Louisville-based , signed a five-yeard lease for 8,140 squared feet with the shopping center's owner, Little Ark.-based retailer Dillard's Inc., according to A.R. Sullivan, presideny of the family-owned group of post-secondary Spencerian already had openeda $1.5 8,000-square-foot addition to its main campus at 4627 Dixie Highway a little over a year ago in Septembefr 2001 but has already run out of space there, Sullivan said. Dillard's owns Shively Center and operates a retaillocatiohn there. The Louisville commercial real estate firm CBRicharfd Ellis/Nicklies represented the retail chaib in the lease agreement.
Classes began at the Shivelgy Center siteon Sept. 23, according to Sullivan. He said the collegse system spent $325,000 to renovate the space for Ron MettsConstruction Co. Inc. was the general contractor on the The Louisville architectural firmLouiw & Henry Group did the design work. Of Sullivan's total investment, $275,000 went toward construction, whilwe the remainder was spent on equipment and the systempresident said. "It's a very low-profilee presence," Sullivan said of the satellited branch. "We don't have any big neon signsw because it's just a classroom annez for us.
" In addition to the main DixierHighway campus, Spencerian has another location in at 2355 Harrodsburg Road. Last the main campus had an enrollment of 585 accordingto Sullivan. This fall, enrollmenrt is more than 900. Spencerian's total enrollment is close to 1,30 0 this quarter, Sullivan up from 917 a year ago. Sullivah attributed the local growthto Spencerian's addition of associatse degree programs in several medical including radiological technology, surgical cardiovascular technology, medical codint and health care reimbursement. He also praisecd Spencerian executive director Jan Gordon for her work in growingb enrollment andstrengthening programs.
Frank the broker who handled the leasing arrangements for CBRicharcd Ellis/Nicklies, said the Shively Centedr has seen "more interest of late." The Spenceriahn annex is located next to space that formerly housedd a 3,000-square-foot Chi-Chi's Mexican restaurant. A leas e is pending on that restaurantspaced also, according to Bellis, who wouldc provide no further details.
Wednesday, November 9, 2011
Paragraph dropped from review on hospital location - Irish Times
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Irish Times | Paragraph dropped from review on hospital location Irish Times THE FINAL report of a review of controversial plans for the Children's Hospital of Ireland â€" commissioned last May by Minister for Health Dr James Reilly â€" dropped a paragraph saying a greenfield site would be “the ideal location†for the project. ... |
Monday, November 7, 2011
First Marblehead bank runs afoul of regulators - Philadelphia Business Journal:
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That’s according to a cease and desist order issued against bythe , a federal bank First Marblehead (NYSE: FMD), whose key business of packagingg student loans into securities has dried up, now facea the prospect of pumping millionsw of dollars of capitapl into the small Rhode Island bank to bolster its capital. The OTS ordee says First Marblehead is required to maintaina $30 million depositt at the bank until it is sold or the bank’ concentration of private student loans is reducecd to 50 percent of Union Federal’es capital, plus any allowanc e for loan losses.
First Marblehead also needs OTS approval befor making any golden parachute payments to senior executives, according to the cease and desist order. Unionm Federal Savings Bank’s problems have been chronicleds in previous stories by the BostonBusinessw Journal. Before being acquired by First Marblehead, Unionj Federal Savings had about $40 milliojn in assets. But that balance sheet ballooned to morethan $600 millionj last year as First Marblehead move d some $500 million in risky private student loans onto the bank’zs balance sheet. The bank has been unsuccessful in sellinb those loans while an escalating number of defaults have triggeredrlarge losses.
In the firsrt quarter, for example, the North Providence-based bank lost $26.4 million, according to federal bank filings.
That’s according to a cease and desist order issued against bythe , a federal bank First Marblehead (NYSE: FMD), whose key business of packagingg student loans into securities has dried up, now facea the prospect of pumping millionsw of dollars of capitapl into the small Rhode Island bank to bolster its capital. The OTS ordee says First Marblehead is required to maintaina $30 million depositt at the bank until it is sold or the bank’ concentration of private student loans is reducecd to 50 percent of Union Federal’es capital, plus any allowanc e for loan losses.
First Marblehead also needs OTS approval befor making any golden parachute payments to senior executives, according to the cease and desist order. Unionm Federal Savings Bank’s problems have been chronicleds in previous stories by the BostonBusinessw Journal. Before being acquired by First Marblehead, Unionj Federal Savings had about $40 milliojn in assets. But that balance sheet ballooned to morethan $600 millionj last year as First Marblehead move d some $500 million in risky private student loans onto the bank’zs balance sheet. The bank has been unsuccessful in sellinb those loans while an escalating number of defaults have triggeredrlarge losses.
In the firsrt quarter, for example, the North Providence-based bank lost $26.4 million, according to federal bank filings.
Saturday, November 5, 2011
Business
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The projected 9 percent cost increase is slightlyu lower thanthe 9.2 percentt increase in 2009 and 9.9 percent increase in 2008, PricewaterhouseCoopere says. Medical-cost increases continue to outpace inflation and wage The report suggests that medical costw continue to climbbecauss U.S. workers are accelerating thei r useof health-care services in anticipation of losingb their jobs and, potentially, their insurance. Rising unemployment, an increased numbers of individuals with little or no insurancer and a growing percentage of the population on Medicaid furthed rampup medical-cost trends — the figures actuariee use to set future health-insurancee premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costs of health insurance to their workerswin 2010. Employers also say they expecg workers to take more responsibility for managing theierpersonal health.
The projected 9 percent cost increase is slightlyu lower thanthe 9.2 percentt increase in 2009 and 9.9 percent increase in 2008, PricewaterhouseCoopere says. Medical-cost increases continue to outpace inflation and wage The report suggests that medical costw continue to climbbecauss U.S. workers are accelerating thei r useof health-care services in anticipation of losingb their jobs and, potentially, their insurance. Rising unemployment, an increased numbers of individuals with little or no insurancer and a growing percentage of the population on Medicaid furthed rampup medical-cost trends — the figures actuariee use to set future health-insurancee premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costs of health insurance to their workerswin 2010. Employers also say they expecg workers to take more responsibility for managing theierpersonal health.
Thursday, November 3, 2011
Rafting guide makes first river trip after Condit Dam breaching - The Columbian
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Rafting guide makes first river trip after Condit Dam breaching The Columbian UNDERWOOD â€" The lower White Salmon River is laced with woody debris that “look like shish kebabs facing upstream ready to spear you,'' said the rafting guide who on Wednesday made the first trip down the stream since the breaching of ... |
Tuesday, November 1, 2011
Chesco eyeing trauma care - Philadelphia Business Journal:
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Chester County, with 485,000 is the largest countty in Pennsylvania without a traumaa center to care for criticallyinjured patients. High medical malpractic e insurance costs factored into the decisionj to close thetrauma center. "We are interested in reopeningya level-II trauma and we hope this is a firsg step in doing that," said Mark A. Benz, Brandywine's presiden and CEO. Benz said the hospital would need financial help to do so becaused of the costs it woulr incur to hire threr neurosurgeons toprovide 24-hour, seven-day-a-weekm coverage in a trauma center.
Chester County last montbh established a task force comprisedof federal, statr and county officials; business and health-carde industry representatives and community leaders to study if a new traumas center is needed and, if so, how to generat public and private funds to help supporty one. U.S. Rep. Jim R-Chester, said the panel is a result of a 2007 Chester County Trauma Center study that found supporf for establishing a new trauma centetr at either Brandywine Hospitalk in Coatesville or in West Chester becaused of their centralized locations in the The report determined running the traums center would costbetween $5 million and $8 million a an expense neither hospital can afford.
"We'r going to explore all funding opportunities," Gerlach "Chester County really needs a trauma We are the largest county in thestate [withouy a trauma center], and the only county in southeastern Pennsylvaniaq that doesn't have one. The studgy also found the averagetranspory time, by ambulance or helicopter, to get Chesterd County patients to a trauma centere in an adjoining county is about 73 minutes. The optimum time for treating trauma patients is under60 minutes. When Brandywine's traum a center was open, the average time was 47 minutes.
"One of our bigges concerns," Benz said, "is the population is growing rapidly in Chester Countgy and the traffic is growingwith it. That 73 minutea is going to get "Brandywine was forced into closing its traumqa center in 2002 primarily because it was the height of the medicalp malpractice insurance crisis in southeastern Trying to employ neurosurgeons around the clock was too That was the primary reason for closing thetrauma center." Dr.
Andrews Freese, Brandywine's new medical director for is quite familiar with the malpractice insurance climate in having spent 14 years in Philadelphia at and before escalatingb premium costs drove him to move his practicde to Minnesotain 2004. "I had never lost or settleds a suit, but my malpractice insurance premiumss were wellover $200,000 a he said. "The fear was they were gointg tohit $300,000. My family was lookingy at an economic calamity. In 2004 we finally said that's it." Freese took a job as directort of spinal surgery and vice chairman of neurosurgerty for the Universityof Minnesota.
He decided to come back now becaused his family missed this area and becaus of some of the steps the state had taken to controlinsurance premiums. He noted a rule eliminatinf venue shopping, by having cases tried in the county whers the allegedmalpractice occurred, has helpesd stabilize rates in Chester County. "It's still expensive to practice in but in Chester County the rates havedropped precipitously," Freese said. "I can get coverage for aboutr $130,000 or $140,000. Also, because the malpractice rateas have driven a lot of neurosurgeons out ofthe there's a huge demand for neurosurgeonsd in this county.
I think I'll be the only full-times [hospital-based] neurosurgeon based in Chester County." Paoli and Chester Counthy hospitals rely on neurosurgery coverage from physicians who are basedr outsidethe county. in West Grove transfers its neurosurgeryu cases tolarger hospitals. Paolu works with two neurosurgeonsx based out of in Montgomery Both hospitals are part of MainLine Health. Chesterr County Hospital officials said they would consided a trauma center if the task forcre determines the West Chestert medical center is thebest option.
"Regardless of significangt economic and medicalstaffing issues, the growtgh of Chester County in the years to come compels us all to plan togethert on how best to create a level-II traumwa center over the next few said H.L. "Perry" Pepper, the hospital's presidenyt and CEO. "The Chester County Hospital understandxs that many citizens woulds like to have such a unit at our hospitakl and if that is the outcome of a rationalp and objective planning process we stand readyu to do our best to meetthat Dr. Richard D.
senior vice president for medical affairs at ChesterCountu Hospital, said the number of staff neurosurgeonsz at his hospital has slipped from five to one over the past severao years as doctors have eitherr left the region to practice elsewherre or retired. "Neurosurgeons are typicallhy itinerant," Donze said. "They don't have enough cases at one hospitalk to keepthem busy. Sharing one [neurosurgeon] with other hospitals is not ideal, but that's what we There is a limited availabilityfor emergencies." adde a neurosurgeon earlier this year when Dr. Sagi Kuznitse joined its staff.
Kuznits had been with Main Line Healtuh before establishing a private practice in Montgomery County, to serv patients in western Montgomery and northern Chester counties along the Routse 422 corridor. He is splitting his time between Phoenixvillw Hospital and Pottstown Memorial Hospital like Brandywine, are owned by Community Healt Systems Inc. of Franklin, Stephen M. Tullman, CEO at Phoenixville, said the arrangementf is mutually beneficial. "He' providing coverage for the ER here and at Pottstownh and providing neurosurgery atboth hospitals," Tullman said. "We hadn'ft had neurosurgery [at Phoenixville Hospital] in the four yeara since I've been here.
"
Chester County, with 485,000 is the largest countty in Pennsylvania without a traumaa center to care for criticallyinjured patients. High medical malpractic e insurance costs factored into the decisionj to close thetrauma center. "We are interested in reopeningya level-II trauma and we hope this is a firsg step in doing that," said Mark A. Benz, Brandywine's presiden and CEO. Benz said the hospital would need financial help to do so becaused of the costs it woulr incur to hire threr neurosurgeons toprovide 24-hour, seven-day-a-weekm coverage in a trauma center.
Chester County last montbh established a task force comprisedof federal, statr and county officials; business and health-carde industry representatives and community leaders to study if a new traumas center is needed and, if so, how to generat public and private funds to help supporty one. U.S. Rep. Jim R-Chester, said the panel is a result of a 2007 Chester County Trauma Center study that found supporf for establishing a new trauma centetr at either Brandywine Hospitalk in Coatesville or in West Chester becaused of their centralized locations in the The report determined running the traums center would costbetween $5 million and $8 million a an expense neither hospital can afford.
"We'r going to explore all funding opportunities," Gerlach "Chester County really needs a trauma We are the largest county in thestate [withouy a trauma center], and the only county in southeastern Pennsylvaniaq that doesn't have one. The studgy also found the averagetranspory time, by ambulance or helicopter, to get Chesterd County patients to a trauma centere in an adjoining county is about 73 minutes. The optimum time for treating trauma patients is under60 minutes. When Brandywine's traum a center was open, the average time was 47 minutes.
"One of our bigges concerns," Benz said, "is the population is growing rapidly in Chester Countgy and the traffic is growingwith it. That 73 minutea is going to get "Brandywine was forced into closing its traumqa center in 2002 primarily because it was the height of the medicalp malpractice insurance crisis in southeastern Trying to employ neurosurgeons around the clock was too That was the primary reason for closing thetrauma center." Dr.
Andrews Freese, Brandywine's new medical director for is quite familiar with the malpractice insurance climate in having spent 14 years in Philadelphia at and before escalatingb premium costs drove him to move his practicde to Minnesotain 2004. "I had never lost or settleds a suit, but my malpractice insurance premiumss were wellover $200,000 a he said. "The fear was they were gointg tohit $300,000. My family was lookingy at an economic calamity. In 2004 we finally said that's it." Freese took a job as directort of spinal surgery and vice chairman of neurosurgerty for the Universityof Minnesota.
He decided to come back now becaused his family missed this area and becaus of some of the steps the state had taken to controlinsurance premiums. He noted a rule eliminatinf venue shopping, by having cases tried in the county whers the allegedmalpractice occurred, has helpesd stabilize rates in Chester County. "It's still expensive to practice in but in Chester County the rates havedropped precipitously," Freese said. "I can get coverage for aboutr $130,000 or $140,000. Also, because the malpractice rateas have driven a lot of neurosurgeons out ofthe there's a huge demand for neurosurgeonsd in this county.
I think I'll be the only full-times [hospital-based] neurosurgeon based in Chester County." Paoli and Chester Counthy hospitals rely on neurosurgery coverage from physicians who are basedr outsidethe county. in West Grove transfers its neurosurgeryu cases tolarger hospitals. Paolu works with two neurosurgeonsx based out of in Montgomery Both hospitals are part of MainLine Health. Chesterr County Hospital officials said they would consided a trauma center if the task forcre determines the West Chestert medical center is thebest option.
"Regardless of significangt economic and medicalstaffing issues, the growtgh of Chester County in the years to come compels us all to plan togethert on how best to create a level-II traumwa center over the next few said H.L. "Perry" Pepper, the hospital's presidenyt and CEO. "The Chester County Hospital understandxs that many citizens woulds like to have such a unit at our hospitakl and if that is the outcome of a rationalp and objective planning process we stand readyu to do our best to meetthat Dr. Richard D.
senior vice president for medical affairs at ChesterCountu Hospital, said the number of staff neurosurgeonsz at his hospital has slipped from five to one over the past severao years as doctors have eitherr left the region to practice elsewherre or retired. "Neurosurgeons are typicallhy itinerant," Donze said. "They don't have enough cases at one hospitalk to keepthem busy. Sharing one [neurosurgeon] with other hospitals is not ideal, but that's what we There is a limited availabilityfor emergencies." adde a neurosurgeon earlier this year when Dr. Sagi Kuznitse joined its staff.
Kuznits had been with Main Line Healtuh before establishing a private practice in Montgomery County, to serv patients in western Montgomery and northern Chester counties along the Routse 422 corridor. He is splitting his time between Phoenixvillw Hospital and Pottstown Memorial Hospital like Brandywine, are owned by Community Healt Systems Inc. of Franklin, Stephen M. Tullman, CEO at Phoenixville, said the arrangementf is mutually beneficial. "He' providing coverage for the ER here and at Pottstownh and providing neurosurgery atboth hospitals," Tullman said. "We hadn'ft had neurosurgery [at Phoenixville Hospital] in the four yeara since I've been here.
"
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