Tuesday, November 29, 2011

Power plant builder tries for Md. license - The Business Review (Albany):

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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.

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.

Thursday, November 24, 2011

Patrick Cudahy fire 'devastating,' exec says - Denver Business Journal:

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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:

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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.

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

ESPN


Bills WR Johnson returns to practice on limited basis; S Wilson questionable ...

Washington Post


Bills WR Johnson limited in practice

Fox News


NFL News


 »

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.