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million, or 72 cents per share, in the secondr quarter, as the weak economy continuex to exact a toll on the officialssaid Monday. The loss compareas with a profitof $4.2 million, or 18 cent per share, in the same quarter a year earlier. Denver-basedc CoBiz (NASDAQ: COBZ) owns and Arizonaw Business Bank. The latest quarter’s results includd a $35.1 million pre-tax provisiomn for loan and credit losses, or 150 percent of net charge-offsa — which were $23.4 million — for the “We continue to take a conservativde posture in our provisioning forloan losses,” Chairmanb and CEO Steve Bangert said in a statement.
“Ourr second quarter provision brings our allowance to loan ratio tonearly 3.9 percent, one of the strongest in the industry. While I remain confidenft in oursenior management’s ability to effectively respond to the currentt credit obstacles, we felt it was prudent to continur building the allowance given the uncertainty in the Nonperforming assets ended the quarter at $93.9i million, or 3.7 percent of total up from $52.5 million or 2 percent of total asset s on March 31. Separately on Monday, CoBizx said it had begun a sale ofabou $45 million of its common stock.
It will use the proceedsa for generalcorporate purposes, including supportingb the capital needs of its bank subsidiary, expanding possible acquisitions and working capitalp needs. Last week, CoBis announced it had hired Colorado and Arizonamarket presidents, , to oversese banking operations in each “We remain focused on building our franchiswe during these challenging times and want to ensurre we are positioned to take advantage of uniquew market opportunities that we expect will present Bangert said.
“To that end, we recently announced the hiring of Colorado and Arizona market presidentsz who will oversee all banking operationse in theirrespective markets, provide direction for futur e growth and free up some of our existing resources to focus on high quality business development We will also continue to dedicate appropriatr resources through our Special Assets Grou to address resolution of problem
Monday, December 31, 2012
Saturday, December 29, 2012
Letton-Hall awarded deepwater research contract - Houston Business Journal:
viningocouqyl1601.blogspot.com
“This project is significant becauseif successful, it will clearr the way to more affordable, more realistic deepwater production,” said Jim a spokesman for RPSEA. “The current situatiom in deepwater exploration is that often companies drilkl several deepwater wells andcommingle production. Measuring the flow from each well and allocating the oil and gas production is a big issue atthose depths,” Chitwood said. Both the Department of Interiofr and have called for advances in technology to address issues in measuringv and monitoring deepwater production and this project is expected to addresxs thosetechnology gaps.
Funding for the projec t comes from the federal government plus a coalition of oil and gas companieseincluding , , , , , and . The Letton-Hall research team plans to also draw on the deepwatef expertiseof Houston-based , a global leader in remotely operatexd subsea vehicles. RPSEA projects are authorized and funded by the Energyh Policy Act of 2005 through lease bonuses and royalties paid by industryh to produce oil and gas onfederakl lands.
“This project is significant becauseif successful, it will clearr the way to more affordable, more realistic deepwater production,” said Jim a spokesman for RPSEA. “The current situatiom in deepwater exploration is that often companies drilkl several deepwater wells andcommingle production. Measuring the flow from each well and allocating the oil and gas production is a big issue atthose depths,” Chitwood said. Both the Department of Interiofr and have called for advances in technology to address issues in measuringv and monitoring deepwater production and this project is expected to addresxs thosetechnology gaps.
Funding for the projec t comes from the federal government plus a coalition of oil and gas companieseincluding , , , , , and . The Letton-Hall research team plans to also draw on the deepwatef expertiseof Houston-based , a global leader in remotely operatexd subsea vehicles. RPSEA projects are authorized and funded by the Energyh Policy Act of 2005 through lease bonuses and royalties paid by industryh to produce oil and gas onfederakl lands.
Thursday, December 27, 2012
Brotherly collaboration one key to success for Mark and Lee Askew's separate firms - Memphis Business Journal:
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Brothers Lee Askew and Mark Askew have collaborated on several projectsincludintg , the International Paper data center and various FedEx freight canopies and sort buildings. Lee Askew, presiden t at Askew Nixon Ferguson Architects, Inc., opened his officew in 1976. Mark Askew, president of Askew Hargravea Harcourt & Associates, Inc., established his engineering firmin 1985. Each company has been able to make a name for itselcf in theMemphis area. Askew Nixon has experience in projectw acrossthe board, ranging from churchee and schools to hospitals and hotels.
Askew Hargraves, which is being rebranded as A2H, has projecy teams that specializein surveying, land development, civil structural engineering, mechanical engineering and landscape architecture. The two openex separate firms in an effort to not subjugateeach other'sw work. "Some families can't have Thanksgiving dinner peacefullyonce they've let busineszs get between them," Lee Askew says. "That has never happened with us -- hopefullt it never will." Lee Askew is the oldesr of six children. Mark Askewe is the third child with a sister between Leeand him. They attribut e much of their success totheir father'e encouragement and support.
"Our father alwaye helped us as much as he LeeAskew says. "He sent me $50 during collegs each month -- as much as he coul d afford with six hungry mouths at Lee Askew graduatedfrom ; Mark Askeqw graduated from the . Their family-oriented beginningsd have helped them continue with wives and children oftheir own. Lee Askew has been married for 34 years to Annettde Hockey withfour children, one of whom work for his firm. Mark Askew married Becky Berlimn 32 years ago and hasthrese children, one of whom is a risin g local singer. David Dando, president of the general contractinyfirm MCDR, Inc., has worked with the two on severa projects over the years.
Being brotherzs has not had a negative effectr on how they conduct business together, Dando says. "They are very practical, cooperativ e and client oriented," Dando says. "Theyh make a good team because there is good communicatiomnbetween them." The two are good at says Ron Harrison, director of properties for St. George's Independen t School. "They helped St. George's presengt the image we wanted, and that has encouraged us to continus our relationshipwith them," Harrison says. Lee and Mark Askee worked on St. George's Colliervillde campus and each have worked separatelyg on several additions to each ofthe school'as three campuses.
They work together so successfully becaus of the honesty they share as LeeAskew says. They only use each other in a projecty if the opportunity presentzitself -- one brother never forces a client to use the other's services, Mark Askew says. "Engineerw and architects work so differently on the same project that it has allowed us to work together and separatelgypretty successfully," Mark Askew says, smiling. "But, of course, he is my oldere brother, so half the time, I hate him." Askew Nixo n Ferguson Architects, Inc. Web site: Askew Hargraves Harcourft & Associates, Inc.
Web site:
Brothers Lee Askew and Mark Askew have collaborated on several projectsincludintg , the International Paper data center and various FedEx freight canopies and sort buildings. Lee Askew, presiden t at Askew Nixon Ferguson Architects, Inc., opened his officew in 1976. Mark Askew, president of Askew Hargravea Harcourt & Associates, Inc., established his engineering firmin 1985. Each company has been able to make a name for itselcf in theMemphis area. Askew Nixon has experience in projectw acrossthe board, ranging from churchee and schools to hospitals and hotels.
Askew Hargraves, which is being rebranded as A2H, has projecy teams that specializein surveying, land development, civil structural engineering, mechanical engineering and landscape architecture. The two openex separate firms in an effort to not subjugateeach other'sw work. "Some families can't have Thanksgiving dinner peacefullyonce they've let busineszs get between them," Lee Askew says. "That has never happened with us -- hopefullt it never will." Lee Askew is the oldesr of six children. Mark Askewe is the third child with a sister between Leeand him. They attribut e much of their success totheir father'e encouragement and support.
"Our father alwaye helped us as much as he LeeAskew says. "He sent me $50 during collegs each month -- as much as he coul d afford with six hungry mouths at Lee Askew graduatedfrom ; Mark Askeqw graduated from the . Their family-oriented beginningsd have helped them continue with wives and children oftheir own. Lee Askew has been married for 34 years to Annettde Hockey withfour children, one of whom work for his firm. Mark Askew married Becky Berlimn 32 years ago and hasthrese children, one of whom is a risin g local singer. David Dando, president of the general contractinyfirm MCDR, Inc., has worked with the two on severa projects over the years.
Being brotherzs has not had a negative effectr on how they conduct business together, Dando says. "They are very practical, cooperativ e and client oriented," Dando says. "Theyh make a good team because there is good communicatiomnbetween them." The two are good at says Ron Harrison, director of properties for St. George's Independen t School. "They helped St. George's presengt the image we wanted, and that has encouraged us to continus our relationshipwith them," Harrison says. Lee and Mark Askee worked on St. George's Colliervillde campus and each have worked separatelyg on several additions to each ofthe school'as three campuses.
They work together so successfully becaus of the honesty they share as LeeAskew says. They only use each other in a projecty if the opportunity presentzitself -- one brother never forces a client to use the other's services, Mark Askew says. "Engineerw and architects work so differently on the same project that it has allowed us to work together and separatelgypretty successfully," Mark Askew says, smiling. "But, of course, he is my oldere brother, so half the time, I hate him." Askew Nixo n Ferguson Architects, Inc. Web site: Askew Hargraves Harcourft & Associates, Inc.
Web site:
Tuesday, December 25, 2012
Tuskegee Airmen ask for help to build statue in Petersburg - The Virginian-Pilot
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Tuskegee Airmen ask for help to build statue in Petersburg The Virginian-Pilot Members of the Tuskegee Airmen are asking for help to honor one of their own with a statue of the legendary pilot from Virginia. Petersburg native Lt. Col. Howard Baugh began training with the Tuskegee Airmen at the age of 21 as part of the country's ... Tuskegee Airmen ask for holiday help to build statue |
Monday, December 24, 2012
Cordray rejects 1st try at casino petition language - Dayton Business Journal:
afyfojahejus.blogspot.com
Cordray, in a letter to the committee backing thecasino initiative, said the wording in the petitiojn doesn’t constitute a fair and truthfulk summary of the proposed constitutional Paperwork arrived at Cordray’s office March 12 for the initiative, whicu would ask voters to approve building casinoas in Cleveland, Cincinnati, Toledo and on the western edge of the Arensa District in Columbus. Wyomissing, Pa.-based and owner Dan Gilbert would be the investors inthe $1 billiojn proposal. Cordray told the casino committee thatthe petition’zs summary of locations included in the proposal references citiesx but should be improved to include exacf locations.
That would assure thosd signing thepetition aren’t misled that the citiee have the option of where to placed the casinos, Cordray wrote. The state’s top government lawyetr also pointed to wording in the petition detailingb parameters ontaxing gamblers’ Cordray wrote that the petition’s wording contains a “substantial change” in Ohio law. That law currentlhy dictates that gambling winnings are taxable by the state asordinary income, but the petition’s language impliezs winnings wouldn’t be Bob Tenenbaum, a spokesman for the , whic h is backing the initiative, said the wordingy was unintentional and will be corrected.
“What he’s implying was not our intention,” Tenenbaumm said. The committee, which collected 1,000 signaturew before bringing the petition languager tothe state, must collect another 1,000o before delivering the revisions, which Tenenbaumk said could take place in as littlew as a day to complete.
Cordray, in a letter to the committee backing thecasino initiative, said the wording in the petitiojn doesn’t constitute a fair and truthfulk summary of the proposed constitutional Paperwork arrived at Cordray’s office March 12 for the initiative, whicu would ask voters to approve building casinoas in Cleveland, Cincinnati, Toledo and on the western edge of the Arensa District in Columbus. Wyomissing, Pa.-based and owner Dan Gilbert would be the investors inthe $1 billiojn proposal. Cordray told the casino committee thatthe petition’zs summary of locations included in the proposal references citiesx but should be improved to include exacf locations.
That would assure thosd signing thepetition aren’t misled that the citiee have the option of where to placed the casinos, Cordray wrote. The state’s top government lawyetr also pointed to wording in the petition detailingb parameters ontaxing gamblers’ Cordray wrote that the petition’s wording contains a “substantial change” in Ohio law. That law currentlhy dictates that gambling winnings are taxable by the state asordinary income, but the petition’s language impliezs winnings wouldn’t be Bob Tenenbaum, a spokesman for the , whic h is backing the initiative, said the wordingy was unintentional and will be corrected.
“What he’s implying was not our intention,” Tenenbaumm said. The committee, which collected 1,000 signaturew before bringing the petition languager tothe state, must collect another 1,000o before delivering the revisions, which Tenenbaumk said could take place in as littlew as a day to complete.
Sunday, December 23, 2012
Avigen revenue falls in Q3 - San Francisco Business Times:
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The biotechnology company reported a net lossof $6.5 or 32 cents a on revenue of $8,000 for the quarter ended Sept. 30. Last year over the same the company reported a net lossof $6.9 or 34 cents a on revenue of $140,000. Analysts surveyed by Thomsonn First Call estimated a net loss of 33 Total operating expenses for the most recent quarterwas $6.9 compared to $7.7 million for the same period in 2003.
In the company announced a restructuring andlayoffd plan, cutting its work force by 40 In a statement, Kenneth Chahine, the company'd chief executive officer, said that the quarter's financialo results are in line with managementy expectations and consistent with the company's realigned producf development strategy. As of Sept. 30, the companty had approximately $81 million in cash equivalents, available-for-sale securities and restricter investments. Shares of the company (NASDAQ: AVGN) were up 6.7 percen to $3.37 at midday.
The biotechnology company reported a net lossof $6.5 or 32 cents a on revenue of $8,000 for the quarter ended Sept. 30. Last year over the same the company reported a net lossof $6.9 or 34 cents a on revenue of $140,000. Analysts surveyed by Thomsonn First Call estimated a net loss of 33 Total operating expenses for the most recent quarterwas $6.9 compared to $7.7 million for the same period in 2003.
In the company announced a restructuring andlayoffd plan, cutting its work force by 40 In a statement, Kenneth Chahine, the company'd chief executive officer, said that the quarter's financialo results are in line with managementy expectations and consistent with the company's realigned producf development strategy. As of Sept. 30, the companty had approximately $81 million in cash equivalents, available-for-sale securities and restricter investments. Shares of the company (NASDAQ: AVGN) were up 6.7 percen to $3.37 at midday.
Friday, December 21, 2012
CONSIDER THIS: Aaron Sorkin gives a frack about 'Promised Land' - Entertainment Weekly
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mediabistro.com | CONSIDER THIS: Aaron Sorkin gives a frack about 'Promised Land' Entertainment Weekly Academy Awards voting is in full swing, and EW's Prize Fighter has spent the week asking folks with Oscar histories of their own to share their personal favorites of the year. Aaron Sorkin, who had an adapted screenplay nomination last year for co ...< /p> Aaron Sorkin Thinks Matt Damon's New Movie is Fracking Great |
Thursday, December 20, 2012
Lockheed-Starwood solar plant construction will create many jobs - Puget Sound Business Journal (Seattle):
dyakonostrlin.blogspot.com
Last week’s announcement that and Global LLC were collaborating ona 290-megawatr facility about 75 milez west of Phoenix means Arizona contractoras will get some of the said Chris Myers, Lockheedr Martin’s vice president for energy programs. The companies stil are evaluating subcontractors for theproposed $1.5 billiohn power plant, dubbed Starwood Solar I. Some work, such as creating the mirrored troughs that will focusthe sun’ss energy, typically is done by specialized companies, Myersz said, but there will be plenty “We’re going to do a lot of the work here in he said.
Steel manufacturing and other industriesw could benefit from an increased Arizona focus onsolad construction. Starwood and Lockheed Martibn estimate 1,000 jobs will be created as a resulg ofthe construction, and an additiona 6,000 could result from supplier relationships. The companies plan to hold recruitmeng events this summer to inform local companies aboufthe opportunities, Myers said. In the meantime, the companyt is using a newly launchedWeb www.starwoodsolar.com, to distribute information and tell businessees how they can get involvedx with the project. The construction also will require infrastructurse upgrades at transmission facilities to tie inwith Starwood’ss facility.
Included in those upgrades will be work at Arizonaz PublicService Co.’s Delaney which Starwood will fund up front. APS, which has agreed to purchase power from thesolare plant, has funds earmarke d in its 2012 budget for expanding the Delaney “To bring in something that large, thers are going to have to be said Stephen Zaminski, Starwood’s executivw vice president and managing director. Starwood operates abouft 40 other power plants and owns all or part of severall transmission routes throughfive states.
It begahn its partnership with Lockheed about 18 months ago as both lookex for a site fora utility-scale Starwood runs its solar operations via subsidiary Nautilus Solatr LLC, which has done several large commercial-scale but nothing as big as what the two are attemptinhg in the Harquahala Valley. The two companies believe theirt combined relationships with financial institutions will help them overcoms the financing hurdles that have stalled severall othersolar projects.
Some major project announcements of the past few yeare have been delayed because companies that signeddealsw couldn’t take the next step toward developinfg a commercial product, said Madison vice chairman and senior managing directorr for Starwood. “The folks who take it to commercializationn have torealize there’s a different skill set needed to take it to the next he said. Another hurdled is getting financial institutions and utilities comfortable enough with the solat concept that they view it the same way as traditionalopower plants, Grose said.
The companies are planning to spen d the summer conducting public meetings on the projec t with submissions to the ArizonasCorporation Commission, which must approve the powed purchase deal by this fall, said Brad Nordholm, CEO and managingf director of Starwood. The company hopes to get its buildinfg permits and ACC approvals settledby mid-2010, get its financing in placw and move forward with construction by the latter half of that Nordholm said.
Last week’s announcement that and Global LLC were collaborating ona 290-megawatr facility about 75 milez west of Phoenix means Arizona contractoras will get some of the said Chris Myers, Lockheedr Martin’s vice president for energy programs. The companies stil are evaluating subcontractors for theproposed $1.5 billiohn power plant, dubbed Starwood Solar I. Some work, such as creating the mirrored troughs that will focusthe sun’ss energy, typically is done by specialized companies, Myersz said, but there will be plenty “We’re going to do a lot of the work here in he said.
Steel manufacturing and other industriesw could benefit from an increased Arizona focus onsolad construction. Starwood and Lockheed Martibn estimate 1,000 jobs will be created as a resulg ofthe construction, and an additiona 6,000 could result from supplier relationships. The companies plan to hold recruitmeng events this summer to inform local companies aboufthe opportunities, Myers said. In the meantime, the companyt is using a newly launchedWeb www.starwoodsolar.com, to distribute information and tell businessees how they can get involvedx with the project. The construction also will require infrastructurse upgrades at transmission facilities to tie inwith Starwood’ss facility.
Included in those upgrades will be work at Arizonaz PublicService Co.’s Delaney which Starwood will fund up front. APS, which has agreed to purchase power from thesolare plant, has funds earmarke d in its 2012 budget for expanding the Delaney “To bring in something that large, thers are going to have to be said Stephen Zaminski, Starwood’s executivw vice president and managing director. Starwood operates abouft 40 other power plants and owns all or part of severall transmission routes throughfive states.
It begahn its partnership with Lockheed about 18 months ago as both lookex for a site fora utility-scale Starwood runs its solar operations via subsidiary Nautilus Solatr LLC, which has done several large commercial-scale but nothing as big as what the two are attemptinhg in the Harquahala Valley. The two companies believe theirt combined relationships with financial institutions will help them overcoms the financing hurdles that have stalled severall othersolar projects.
Some major project announcements of the past few yeare have been delayed because companies that signeddealsw couldn’t take the next step toward developinfg a commercial product, said Madison vice chairman and senior managing directorr for Starwood. “The folks who take it to commercializationn have torealize there’s a different skill set needed to take it to the next he said. Another hurdled is getting financial institutions and utilities comfortable enough with the solat concept that they view it the same way as traditionalopower plants, Grose said.
The companies are planning to spen d the summer conducting public meetings on the projec t with submissions to the ArizonasCorporation Commission, which must approve the powed purchase deal by this fall, said Brad Nordholm, CEO and managingf director of Starwood. The company hopes to get its buildinfg permits and ACC approvals settledby mid-2010, get its financing in placw and move forward with construction by the latter half of that Nordholm said.
Wednesday, December 19, 2012
Suit charges collusion on UC projects - Sacramento Business Journal:
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Projects listed in the suit, now workinf its way through San Francisco County Superior Court, include the and Plant and Environmenta Sciences building at , and the Parnassus Seismix Safety Replacement Building at UC San Francisco. Filed by two San Jose distributorz of ventilation components and systemsa that bid on the projectsbut weren't chosen, the lawsui t names 10 defendants, including the UC The suit alleges that Norman S. Wrighg Mechanical Equipment Corp.
of Brisbane colluded with otherf companies to monopolize the market for certaih ventilation products used to construc new buildings on the two UC The plaintiffs' attorney allegedx the arrangement has cost the university more than $100 millionh over the last decade, on this project and The regents have denied all charges. So has the and its attorney said she plansw to filea cross-complaint within days.
What the plaintiffsz want: The lawsuit accuses Norman Wright of working with architects and engineera to tailor specificationsfor ventilation-system materials that designatedc items which were exclusively distributes by Norman Wright or one of its favored subcontractors at prices far higher than what equivalenrt products cost in otheer markets. When outside partiew don't go along with the threats and kickbacks are used to convince courtdocuments allege. "A variety of unlawful conduct isgoinb on," said Zane Negrych, a San Jose attorney who filedx the lawsuit in April and an amended complaint in September on behalf of and HVAC Sales Inc.
The two firmxs lost bids for work on projects at the universityu campuses to Norman Wright andothere defendants, including Ove Arup & Partners, a San Francisco-based constructionn engineering and architectural firm. Advancede Microtherm couldn't make a go of it and went but company president JohnKarmanos re-emerged with HVAC a successor company. The suit charges breacyh of contract, defamation, interferencd with a business relationship and restrainy of trade at the three UC projectws and others aroundthe state, which are cited by name but withoug details.
Negrych seeks a court order to stop the allegeillegal behavior, general and special damagesz of more than $1 million, three timesw that in punitive damages, plus court cost s and attorneys' fees. 'Basically sour grapes': Norman Wrighyt plans to file a cross-complaint within said Janette Leonidou, a San Francisco attorney who representxsthe company. The cross-complaint will chargde Advanced Microtherm and HVAC Sales with abuse of processe and intentional interference withNorman Wright's she said.
"What is going on is basicalluy sour grapes byHVAC Sales, a competito r without the same history or respect as Norman Wright," said Leonidou of the companyt she represents, which is more than 100-years-old. "The allegations? Therwe is no foundation at allfor them." UC Regentsa were named in the lawsui t but are considered more of a victikm than a defendant, Negrych said. University of California filefd a general denial of the allegationson Nov. 4. "W haven't found any wrongdoing by Ove Arup, any constructiobn engineers orNorman Wright. We are not part of a said Stephen Morrell, an attorneyt with the Regents' Office of the General Counse l inSan Francisco.
"Obviously, thesre are serious allegations that we have investigated not entirely, because it takes awhile," he "Thus far, we have not found any evidence of wrongdointg by any of the parties." The plaintiffsz didn't actively market themselvez and are now complaining about lost business, said John a San Francisco attorney who represents Ove "My clients barely ever heard of these folks," Ross said. "Thegy were invited to present their products and neverrdid so.
" The UC Davis angle: The lawsuit alleges collusion related to constructioh bids for work on the $42 million Plant and Environmental Sciencesx building that opened on the UC Davis campud this fall, and the $95 million Genome Centerd building due to open in 2004. According to court university officials adopted certain specificationas for the projects that were provided by Ove Arup but generatex byNorman Wright.
Projects listed in the suit, now workinf its way through San Francisco County Superior Court, include the and Plant and Environmenta Sciences building at , and the Parnassus Seismix Safety Replacement Building at UC San Francisco. Filed by two San Jose distributorz of ventilation components and systemsa that bid on the projectsbut weren't chosen, the lawsui t names 10 defendants, including the UC The suit alleges that Norman S. Wrighg Mechanical Equipment Corp.
of Brisbane colluded with otherf companies to monopolize the market for certaih ventilation products used to construc new buildings on the two UC The plaintiffs' attorney allegedx the arrangement has cost the university more than $100 millionh over the last decade, on this project and The regents have denied all charges. So has the and its attorney said she plansw to filea cross-complaint within days.
What the plaintiffsz want: The lawsuit accuses Norman Wright of working with architects and engineera to tailor specificationsfor ventilation-system materials that designatedc items which were exclusively distributes by Norman Wright or one of its favored subcontractors at prices far higher than what equivalenrt products cost in otheer markets. When outside partiew don't go along with the threats and kickbacks are used to convince courtdocuments allege. "A variety of unlawful conduct isgoinb on," said Zane Negrych, a San Jose attorney who filedx the lawsuit in April and an amended complaint in September on behalf of and HVAC Sales Inc.
The two firmxs lost bids for work on projects at the universityu campuses to Norman Wright andothere defendants, including Ove Arup & Partners, a San Francisco-based constructionn engineering and architectural firm. Advancede Microtherm couldn't make a go of it and went but company president JohnKarmanos re-emerged with HVAC a successor company. The suit charges breacyh of contract, defamation, interferencd with a business relationship and restrainy of trade at the three UC projectws and others aroundthe state, which are cited by name but withoug details.
Negrych seeks a court order to stop the allegeillegal behavior, general and special damagesz of more than $1 million, three timesw that in punitive damages, plus court cost s and attorneys' fees. 'Basically sour grapes': Norman Wrighyt plans to file a cross-complaint within said Janette Leonidou, a San Francisco attorney who representxsthe company. The cross-complaint will chargde Advanced Microtherm and HVAC Sales with abuse of processe and intentional interference withNorman Wright's she said.
"What is going on is basicalluy sour grapes byHVAC Sales, a competito r without the same history or respect as Norman Wright," said Leonidou of the companyt she represents, which is more than 100-years-old. "The allegations? Therwe is no foundation at allfor them." UC Regentsa were named in the lawsui t but are considered more of a victikm than a defendant, Negrych said. University of California filefd a general denial of the allegationson Nov. 4. "W haven't found any wrongdoing by Ove Arup, any constructiobn engineers orNorman Wright. We are not part of a said Stephen Morrell, an attorneyt with the Regents' Office of the General Counse l inSan Francisco.
"Obviously, thesre are serious allegations that we have investigated not entirely, because it takes awhile," he "Thus far, we have not found any evidence of wrongdointg by any of the parties." The plaintiffsz didn't actively market themselvez and are now complaining about lost business, said John a San Francisco attorney who represents Ove "My clients barely ever heard of these folks," Ross said. "Thegy were invited to present their products and neverrdid so.
" The UC Davis angle: The lawsuit alleges collusion related to constructioh bids for work on the $42 million Plant and Environmental Sciencesx building that opened on the UC Davis campud this fall, and the $95 million Genome Centerd building due to open in 2004. According to court university officials adopted certain specificationas for the projects that were provided by Ove Arup but generatex byNorman Wright.
Monday, December 17, 2012
Markets eke out small gains Wednesday - Pittsburgh Business Times:
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A cross-section of companies operating in Pittsburgn sawmixed results. Alcoa scheduled to release second quarter financialss after the market triggering the beginning of corporateearninga season, managed a small gain. Alcoa was up 0.64 percent to $9.97 per Allegheny Energy Inc. (NYSE:AYE), down 1.57 percent to $23.9 0 Allegheny Technologies Inc. (NYSE:ATI), down 2.07 perceng to $32.15 American Eagle Outfittersw Inc. (NYSE:AEO), down 1.24 percent to $13.07 Bank of New York Melloj Corp. (NYSE:BK), down 0.33 perceng to $27.52 CONSOL Energy Inc. (NYSE:CNX), up 0.20 percent to $29.8 1 Dick’s Sporting Goods (NYSE:DKS), down 0.12 percen to $16.88 Federated Investors Inc.
(NYSE:FII), down 1.00 percen t to $22.78 H.J.Heinz Co. (NYSE:HNZ), up 0.08 percenf to $35.86 Kennametal Inc. (NYSE:KMT), down 2.84 percent to $17.1p0 Koppers Holdings Inc. (NYSE:KOP), down 2.69 percent to $23.16 Mylan Inc. up 0.16 percent to $12.23 PNC Financialk Services Group Inc. (NYSE:PNC), down 3.17 percent to $36.3q1 PPG Industries Inc. (NYSE:PPG), up 0.50 percent to $41.823 U.S. Steel Corp. (NYSE:X), down 3.57 percentf to $30.50 WABTEC (NYSE:WAB), down 0.59 percent to $30.38 WESCO International Inc. down 0.56 percent to $23.
06
A cross-section of companies operating in Pittsburgn sawmixed results. Alcoa scheduled to release second quarter financialss after the market triggering the beginning of corporateearninga season, managed a small gain. Alcoa was up 0.64 percent to $9.97 per Allegheny Energy Inc. (NYSE:AYE), down 1.57 percent to $23.9 0 Allegheny Technologies Inc. (NYSE:ATI), down 2.07 perceng to $32.15 American Eagle Outfittersw Inc. (NYSE:AEO), down 1.24 percent to $13.07 Bank of New York Melloj Corp. (NYSE:BK), down 0.33 perceng to $27.52 CONSOL Energy Inc. (NYSE:CNX), up 0.20 percent to $29.8 1 Dick’s Sporting Goods (NYSE:DKS), down 0.12 percen to $16.88 Federated Investors Inc.
(NYSE:FII), down 1.00 percen t to $22.78 H.J.Heinz Co. (NYSE:HNZ), up 0.08 percenf to $35.86 Kennametal Inc. (NYSE:KMT), down 2.84 percent to $17.1p0 Koppers Holdings Inc. (NYSE:KOP), down 2.69 percent to $23.16 Mylan Inc. up 0.16 percent to $12.23 PNC Financialk Services Group Inc. (NYSE:PNC), down 3.17 percent to $36.3q1 PPG Industries Inc. (NYSE:PPG), up 0.50 percent to $41.823 U.S. Steel Corp. (NYSE:X), down 3.57 percentf to $30.50 WABTEC (NYSE:WAB), down 0.59 percent to $30.38 WESCO International Inc. down 0.56 percent to $23.
06
Sunday, December 16, 2012
Referee holds up 'Respect' armband as defense against angry manager - Yahoo! Sports (blog)
moffaiqohegesa1490.blogspot.com
Referee holds up 'Respect' armband as defense against angry manager Yahoo! Sports (blog) Players and referees have been wearing armbands and patches as part of UEFA's Respect campaign and they are routinely ignored as the exact opposite behavior is often exhibited. But the ref for Saturday's Eredivisie match between Groningen and VVV, ... |
Saturday, December 15, 2012
EPA chief tours Denver mixed-use development - Houston Business Journal:
ogarawo.wordpress.com
Jackson, EPA’s administrator, and Denver Mayo John Hickenloopertoured Highlands’ Gardens a 27-acre mixed-use project on the original site of Elitch Gardensw amusement park. In 2005, Highlands’ Gardehn Village was awarded the EPA National Award for Smart Growt Achievement in the category ofOverall Excellence. In the development received the ’s Awardx of Excellence for creative land-use developmenrt and design.
In a statement, EPA said it is workinhg with the federal departments of Transportation and Housinh and Urban Development to encourage communities like Garden Village that offed affordable housing and sustainable featurese closeto schools, markets, jobs and recreation. “Highlands’ Garde n Village is a greag exampleof how, when we work we can bring abourt socially and environmentally responsible Hickenlooper said in a statement. “This community is a modep for the country that showzs we can create an alternative to urban sprawp and reduce greenhouse gas emissions without sacrificing our qualityof life.
”
Jackson, EPA’s administrator, and Denver Mayo John Hickenloopertoured Highlands’ Gardens a 27-acre mixed-use project on the original site of Elitch Gardensw amusement park. In 2005, Highlands’ Gardehn Village was awarded the EPA National Award for Smart Growt Achievement in the category ofOverall Excellence. In the development received the ’s Awardx of Excellence for creative land-use developmenrt and design.
In a statement, EPA said it is workinhg with the federal departments of Transportation and Housinh and Urban Development to encourage communities like Garden Village that offed affordable housing and sustainable featurese closeto schools, markets, jobs and recreation. “Highlands’ Garde n Village is a greag exampleof how, when we work we can bring abourt socially and environmentally responsible Hickenlooper said in a statement. “This community is a modep for the country that showzs we can create an alternative to urban sprawp and reduce greenhouse gas emissions without sacrificing our qualityof life.
”
Wednesday, December 12, 2012
Strong opinions on climate change are self-reinforcing - Ars Technica
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Ars Technica | Strong opinions on climate change are self-reinforcing Ars Technica We all know it's hard to change someone's mind. In an ideal, rational world, a person's opinion about some topic would be based on several pieces of evidence. If you were to supply that person with several pieces of stronger evidence that point in ... |
Tuesday, December 11, 2012
Private Bank aims to be a 'player' - Silicon Valley / San Jose Business Journal:
efiosyt.blogspot.com
To get there, the bank formed Peninsula BankHoldint Co. in May and issued a second round of Shares were pricedat $12.50 per share in a private placement to directors, shareholders, officersw and employees. The goal is to raiss between $7 million and $9 million, whicbh will allow the bank to raiswe its limit on secured lendingfrom $4 millionb to $6 million and continue its loan growth. Private Bank of the Peninsuls opened in October 2003 and withi four yearsbecame profitable. The turnaroundc between years three and four was During the third endingin 2006, the bank had reported $227,00 0 in losses and $122 millioh in assets.
But by the end of 2007, the bank registerede a profitof $839,000 and recorded a 60 percent-plusw increase in assets, to $200 million. The turnaround can be attributefd to an overhaul ofthe bank's board. When several membersd retired upon reachingthe board's self-imposedr age limit of 75, the bank underwent a redirection that chairman Mark Mordell described as necessary to get back to its rootsa and fill the void left by the acquisition of by "Quitee frankly, the bank started slower than anticipatesd and was off-plan for its first 2½ years, and people 'Why is that?
' After evaluating the plan, part of the boar was on the fence, but we built consensus that we want to be a player," said who is the founder and president of the real estatre investment firm CBC LLC. "Tp do that, you have to make a stick with it and get the right assetsa in place toexecute it." The new boarde members are: Roxy Rapp, a real estate developer; Georgiew Gleim, president of Gleim the Jeweler; Lisa a nonprofit administrator and banking veteran; Bryan managing director of Frank, Rimmerman Co. LLP; and Mordell.
They join the followinvg founding directors: Kurt Hammerstrom, a private William Phillips, a former manager with Morgan Stanley Dean Clifford Rudolph, a managing partner at Equituy Venture Partners LLC; and Richard Strock, a real estatw investor and mortgage broker. "Ww redirected our course to be a playeer inPalo Alto, becaused once you're a player you permeate farther out in the Peninsula and South Mordell said. "We had to get people with connectionse inthe community." Ken Brenner, who becamwe chief executive officer, was tapped to make thinge happen.
Brenner joined the bank in 2006 as an executivre vice president and was named a director and chier executive officerlast September, followingh the retirement of previous CEO Jim Wall. Brenned said he focuses on deposits, whicn "is a little bit unusual for a bank," and on securinvg core operating accounts. The 30-year banking veteran previously held management positionswith , and , which is now part of SVB Financialk Group. "I wanted to be in Palo Alto with aheadquarteref bank, because that's where my core networ starts. Here you're with the geniuses of the valley, and the economuy can be up or but people here are creating new businesses and new Brenner said.
"Where I do my best work is helpinfg smallbanks grow. "This is my fourth bank, and there'sa always a risk in 'Will your clientr base come with you?' " Brenner said his move from executiv e vice president to CEO in such a shor time can be credite to quickly bringing in significant business loan sand deposits. Wells Fargo's acquisition of Greater Bay in 2007 raiser the sense of urgencyg in securing new client with a big player grabbing the Palo Alto and SoutbhBay business.
One such client, Tony founding publisher of RedHerring magazine, looked to The Privatre Bank to help finance his new venture, the AlwaysOn Networm and the GoingOn community management platform. "We're growing pretty and you need lines of credit tofinancew growth. (The Private Bank) was incredibly responsive to our Perkins said. "They really helped me. I was able to avoid having to raisde money because they helped secure the Perkins saidthe bank's understanding of the tech marketplaces was a big plus.
He especially credit Michael Hansen, a Greater Bay Bank veterahn and ThePrivate Bank's executive vice president of Technology and Asset Based
To get there, the bank formed Peninsula BankHoldint Co. in May and issued a second round of Shares were pricedat $12.50 per share in a private placement to directors, shareholders, officersw and employees. The goal is to raiss between $7 million and $9 million, whicbh will allow the bank to raiswe its limit on secured lendingfrom $4 millionb to $6 million and continue its loan growth. Private Bank of the Peninsuls opened in October 2003 and withi four yearsbecame profitable. The turnaroundc between years three and four was During the third endingin 2006, the bank had reported $227,00 0 in losses and $122 millioh in assets.
But by the end of 2007, the bank registerede a profitof $839,000 and recorded a 60 percent-plusw increase in assets, to $200 million. The turnaround can be attributefd to an overhaul ofthe bank's board. When several membersd retired upon reachingthe board's self-imposedr age limit of 75, the bank underwent a redirection that chairman Mark Mordell described as necessary to get back to its rootsa and fill the void left by the acquisition of by "Quitee frankly, the bank started slower than anticipatesd and was off-plan for its first 2½ years, and people 'Why is that?
' After evaluating the plan, part of the boar was on the fence, but we built consensus that we want to be a player," said who is the founder and president of the real estatre investment firm CBC LLC. "Tp do that, you have to make a stick with it and get the right assetsa in place toexecute it." The new boarde members are: Roxy Rapp, a real estate developer; Georgiew Gleim, president of Gleim the Jeweler; Lisa a nonprofit administrator and banking veteran; Bryan managing director of Frank, Rimmerman Co. LLP; and Mordell.
They join the followinvg founding directors: Kurt Hammerstrom, a private William Phillips, a former manager with Morgan Stanley Dean Clifford Rudolph, a managing partner at Equituy Venture Partners LLC; and Richard Strock, a real estatw investor and mortgage broker. "Ww redirected our course to be a playeer inPalo Alto, becaused once you're a player you permeate farther out in the Peninsula and South Mordell said. "We had to get people with connectionse inthe community." Ken Brenner, who becamwe chief executive officer, was tapped to make thinge happen.
Brenner joined the bank in 2006 as an executivre vice president and was named a director and chier executive officerlast September, followingh the retirement of previous CEO Jim Wall. Brenned said he focuses on deposits, whicn "is a little bit unusual for a bank," and on securinvg core operating accounts. The 30-year banking veteran previously held management positionswith , and , which is now part of SVB Financialk Group. "I wanted to be in Palo Alto with aheadquarteref bank, because that's where my core networ starts. Here you're with the geniuses of the valley, and the economuy can be up or but people here are creating new businesses and new Brenner said.
"Where I do my best work is helpinfg smallbanks grow. "This is my fourth bank, and there'sa always a risk in 'Will your clientr base come with you?' " Brenner said his move from executiv e vice president to CEO in such a shor time can be credite to quickly bringing in significant business loan sand deposits. Wells Fargo's acquisition of Greater Bay in 2007 raiser the sense of urgencyg in securing new client with a big player grabbing the Palo Alto and SoutbhBay business.
One such client, Tony founding publisher of RedHerring magazine, looked to The Privatre Bank to help finance his new venture, the AlwaysOn Networm and the GoingOn community management platform. "We're growing pretty and you need lines of credit tofinancew growth. (The Private Bank) was incredibly responsive to our Perkins said. "They really helped me. I was able to avoid having to raisde money because they helped secure the Perkins saidthe bank's understanding of the tech marketplaces was a big plus.
He especially credit Michael Hansen, a Greater Bay Bank veterahn and ThePrivate Bank's executive vice president of Technology and Asset Based
Sunday, December 9, 2012
Highly resilient sales organizations will survive tough economic times - Memphis Business Journal:
sucujovide.wordpress.com
There are the practical reasons, such as particulat sectors of the economy gettinghit harder, the airline industry after 9/11 and the housing markeyt today. There are also externalo factors beyond our personal The names Freddieand Fannie, and the phras e “fat cats” come to mind. Paul author of the “Adversity Quotient,” shares another reason for thrivingor resiliency. Stolz devotes much of his work to the stud y of highly resilient organizations and His research shows that resilienchy accounts just as much as intellect and energy for success duringftough times.
Stolz measures resiliency — the ability to overcomed adversity — in four He calls it the CORE See how your sales organization stacks up in the areaof • Control — Anyone in sales feeling out of control? Sales teamx exhibiting high scores on control focuz on what they can do, not what they can’t do. They know they can control the following: (1) Their sales activity plan — High-control organizations kick up the knowing they need more prospects in the pipeline due to potentially longee sales cycle and more competition on thesame opportunities.
(2) Relationshil with good clients — In tough economic don’t forget who brought you to the Ask not what your clients can dofor you; ask what you can do for your (3) Exploring new niches — Now may be the time to look at industriese where your core competencies are a match and a value. Ownership — Stolz defines this as owning the outcome of any regardless ofthe origin. A greay example comes from a young sales manager who lacked a big budge for incenting her sales but still was responsible for achieving quota in touguhselling environment. Instead of crying the blues about no she took control and ownership overher destiny.
She went arounde to all the bars and restaurant where they offered drawings for happy hours and/or food. As a result, her sales team enjoyed many team-building events afteer hours because ofher take-charge, ownership Resilient, high-ownership organizations look out the front window and the rear They don’t blame. Instead, they ask what part of this downturnh shouldwe own? What systems and processews could we have had in place to ease the pain of the downturn? What people should we have hired/fired before the downturn? Today, what can and must we change? What must we do different ? After answering the questions, they take controp and act.
• Reach — Stolz’ s research shows that highlg resilient individuals and organizations are able to limif the reach ofthe adversity. In othee words, they don’t kick the dog when they get Limiting the reach of adversityt can be correlated with the stress High levels of continuous stress resulf in production of the stress hormone cortisol. High levels of cortisop affectcognitive performance. In these economic times, salespeople need the abilithy to think andreact quickly. Top producer s manage stress by limiting the reachg of alost sale. They look at it for what it is: one lost They don’t allow negative self-talmk to take over, i.e.
, I’ve lost my touch, no one is buyingy or the competitionis better. It’s similar to an outstandingg NFL quarterback. One intercepted pass is one intercepted pass. It doesn’t affect the next play or the One lostsale doesn’t affect the rest of the • Endurance — This is a persobn or company’s ability to do a reality checlk on the adversity. Is the adversitty temporary or permanent?
There are the practical reasons, such as particulat sectors of the economy gettinghit harder, the airline industry after 9/11 and the housing markeyt today. There are also externalo factors beyond our personal The names Freddieand Fannie, and the phras e “fat cats” come to mind. Paul author of the “Adversity Quotient,” shares another reason for thrivingor resiliency. Stolz devotes much of his work to the stud y of highly resilient organizations and His research shows that resilienchy accounts just as much as intellect and energy for success duringftough times.
Stolz measures resiliency — the ability to overcomed adversity — in four He calls it the CORE See how your sales organization stacks up in the areaof • Control — Anyone in sales feeling out of control? Sales teamx exhibiting high scores on control focuz on what they can do, not what they can’t do. They know they can control the following: (1) Their sales activity plan — High-control organizations kick up the knowing they need more prospects in the pipeline due to potentially longee sales cycle and more competition on thesame opportunities.
(2) Relationshil with good clients — In tough economic don’t forget who brought you to the Ask not what your clients can dofor you; ask what you can do for your (3) Exploring new niches — Now may be the time to look at industriese where your core competencies are a match and a value. Ownership — Stolz defines this as owning the outcome of any regardless ofthe origin. A greay example comes from a young sales manager who lacked a big budge for incenting her sales but still was responsible for achieving quota in touguhselling environment. Instead of crying the blues about no she took control and ownership overher destiny.
She went arounde to all the bars and restaurant where they offered drawings for happy hours and/or food. As a result, her sales team enjoyed many team-building events afteer hours because ofher take-charge, ownership Resilient, high-ownership organizations look out the front window and the rear They don’t blame. Instead, they ask what part of this downturnh shouldwe own? What systems and processews could we have had in place to ease the pain of the downturn? What people should we have hired/fired before the downturn? Today, what can and must we change? What must we do different ? After answering the questions, they take controp and act.
• Reach — Stolz’ s research shows that highlg resilient individuals and organizations are able to limif the reach ofthe adversity. In othee words, they don’t kick the dog when they get Limiting the reach of adversityt can be correlated with the stress High levels of continuous stress resulf in production of the stress hormone cortisol. High levels of cortisop affectcognitive performance. In these economic times, salespeople need the abilithy to think andreact quickly. Top producer s manage stress by limiting the reachg of alost sale. They look at it for what it is: one lost They don’t allow negative self-talmk to take over, i.e.
, I’ve lost my touch, no one is buyingy or the competitionis better. It’s similar to an outstandingg NFL quarterback. One intercepted pass is one intercepted pass. It doesn’t affect the next play or the One lostsale doesn’t affect the rest of the • Endurance — This is a persobn or company’s ability to do a reality checlk on the adversity. Is the adversitty temporary or permanent?
Saturday, December 8, 2012
Developers find booming business in the application world - Silicon Valley / San Jose Business Journal:
vittitowmehigyk1238.blogspot.com
billion market worldwide, according to a studyy from IT research companyGartnerr Inc. And the market is only expectedsto grow, with Gartner pegging an average 7 percent growth rate for the next five “There are a couple of game companiees making a hundred million dollars, and many more makinv tens of millions of and there’s no question there’s more to come,” said Jerem Liew, a managing general partner at Lightspeed Venture Partnerxs in Menlo Park. “I would speculatwe that in the aggregate, they’re makinhg more money than Facebook.
” Developerds looking to make monegy in application development need one of threwe things intheir favor: they can have an enormousz audience; they can have such a specificc customer base that advertiserss are willing to pay more to reach them; or they can be so much fun (or that customers will pay for the app directly. Lightspees has investments in three app development each of which fits intothe parameters.
billion market worldwide, according to a studyy from IT research companyGartnerr Inc. And the market is only expectedsto grow, with Gartner pegging an average 7 percent growth rate for the next five “There are a couple of game companiees making a hundred million dollars, and many more makinv tens of millions of and there’s no question there’s more to come,” said Jerem Liew, a managing general partner at Lightspeed Venture Partnerxs in Menlo Park. “I would speculatwe that in the aggregate, they’re makinhg more money than Facebook.
” Developerds looking to make monegy in application development need one of threwe things intheir favor: they can have an enormousz audience; they can have such a specificc customer base that advertiserss are willing to pay more to reach them; or they can be so much fun (or that customers will pay for the app directly. Lightspees has investments in three app development each of which fits intothe parameters.
Friday, December 7, 2012
National Report: Alaska Ranks 1st in Protecting Kids from Tobacco - SitNews
llrx-royce.blogspot.com
Sheridan Media | National Report: Alaska Ranks 1st in Protecting Kids from Tobacco SitNews The annual report on states' funding of tobacco prevention programs, titled "Broken Promises to Our Children: The 1998 State Tobacco Settlement 14 Years Later," was released by the Campaign for Tobacco-Free Kids, American Heart Association, American ... Tennessee, Georgia rank low in spending on anti-smoking programs State ranks seventh in anti-tobacco spending |
Monday, December 3, 2012
Labor Department: Total employee compensation averages $29.39 an hour - Denver Business Journal:
jabire2389.blogspot.com
Of that, wages and salaries averaged accountingfor 69.7 percent of these Benefits, which averaged accounted for the remaininb 30.3 percent of the cost for nonfarjm private and state and local government workers. The amoun spent on costs for legallyrequiredd benefits, including Social Medicare, unemployment insurance and workers’ compensation, averagedx $2.28 an hour. Employer costs for health, and disability insurance benefitsaveraged $2.52, while paid leave benefitxs (vacations, holidays, sick leave and personal leave) averaged $2.08. Retirement and savingas benefits averagedjust $1.31 an hour Among the four regions, costs for healthu insurance benefits ranged from $1.
71 an hour in the South to $2.2 9 in the Northeast. Health care costas were $2.13 in the Midwest and $2.05 in the
Of that, wages and salaries averaged accountingfor 69.7 percent of these Benefits, which averaged accounted for the remaininb 30.3 percent of the cost for nonfarjm private and state and local government workers. The amoun spent on costs for legallyrequiredd benefits, including Social Medicare, unemployment insurance and workers’ compensation, averagedx $2.28 an hour. Employer costs for health, and disability insurance benefitsaveraged $2.52, while paid leave benefitxs (vacations, holidays, sick leave and personal leave) averaged $2.08. Retirement and savingas benefits averagedjust $1.31 an hour Among the four regions, costs for healthu insurance benefits ranged from $1.
71 an hour in the South to $2.2 9 in the Northeast. Health care costas were $2.13 in the Midwest and $2.05 in the
Saturday, December 1, 2012
$1 bill could go way of spare change - The Oshkosh Northwestern
sucujovide.wordpress.com
Daily Mail | $1 bill could go way of spare change The Oshkosh Northwestern This photo provided by the U.S. Mint shows the President John Adams presidential $1 coin. Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years. Could the dolla r bill be on its way out? Congress considers swapping dollar bill for coin to save cash Episode 364: Should We Kill The Dollar Bill? |
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