http://wild-zone.net/www.wild-zone.net/Toolkit.html
Kris Parlett, spokesman for Proctefr and Gamble (NYSE: PG) Pet which includes Iams and Eukanuba, said the compant and its 240 employees would be moving in Octobee to the Masonbusiness park, where othert personal health care divisions of P&Gv and more than 2,000 employees are “It will make it easiedr to collaborate and increase productivity,” Parlett said. Nobody will be laid of as a resultg ofthe company’s current headquarterds On Poe Avenue closing. Instead, all 240 employees will be offered there same positionsin Mason. P&G acquired Iams in 1999. Sincre then, sales of its Iams and Eukanubaz brands have morethan doubled, accordingg to the company.
“Our home addresse is changing but not our commitment to improvinhthe well-being of all dogs and cats,” said Dan vice president of P&G’s pet care businesz in North America, in a statemengt released Thursday. “If anything, this will help us do an even bettee job of connecting with our colleague in health care to bring great innovation topet care.” A companu spokesperson confirmed that 250 employees at the Iams-Eukanubwa manufacturing and R&D compledx in Preble County will not be part of the The news of the move came as a surprisse to Vandalia officials who said they had been workingg vigilantly behind the scenes to keep Iams “When P&G purchased Iams, we knew at that point this was a possibilituy some day,” said Rich Hopkins, director of communications for the city.
“Butg we are surprised today that the announcement was Hopkins said Iams was one of the top employerswin Vandalia, though he coul d not say how much income was generate d by the company. The city will have a pressz conference at3 p.m. Thursday to further discuss the implicationa ofthe move. the community is still pursuing two includingan $81 million distribution center, whicyh would bring 700 jobs and New-York based aerospace company that could bring 130 jobs. “This is bad news for any Hopkins said. “We have two projects in the pipelinse now that could bring up to 900 employeese tothe city, so it’s not all gloomn and doom here.
”
Monday, November 29, 2010
Friday, November 26, 2010
Ky. video-gaming bill dies in Senate committee - Pacific Business News (Honolulu):
http://www.hfch.org/index2.html
The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the with two members abstaining, according to the Lexington The House had previously passed the The legislation would havepermitted video-lottery terminals at Kentuckt horse tracks, including Turfwat Park in Florence. "The limited gaming proposal was designeed to help save a signature industry inperik – an industry that means 100,000 jobs and $4 billionb in investment for our state," said Gov.
Stevew Beshear in a Monday evening "It is unfortunate that every voice on this critically importang issue was not heard and every vote not At a Frankfortpress conference, Turfway Park President Bob Elliston said Turfwayh could close by 2010 if Ohio passew gaming legislation and Kentucky does not. Ohio Gov. Ted Strickland recently reversed his stance against gamblinfgat racetracks.
The Senate Appropriations Revenue Committee, on Monday voted 10-5 against the with two members abstaining, according to the Lexington The House had previously passed the The legislation would havepermitted video-lottery terminals at Kentuckt horse tracks, including Turfwat Park in Florence. "The limited gaming proposal was designeed to help save a signature industry inperik – an industry that means 100,000 jobs and $4 billionb in investment for our state," said Gov.
Stevew Beshear in a Monday evening "It is unfortunate that every voice on this critically importang issue was not heard and every vote not At a Frankfortpress conference, Turfway Park President Bob Elliston said Turfwayh could close by 2010 if Ohio passew gaming legislation and Kentucky does not. Ohio Gov. Ted Strickland recently reversed his stance against gamblinfgat racetracks.
Wednesday, November 24, 2010
Menswear store Harleys moving to Lakewood Building - Business First of Columbus:
otomaqaqaba.blogspot.com
Owner Tim Ryan had said late in 2008 that he was planningf to remodel and cut 50 percent ofthe store’ s floor space at 4009 N. Oakland Ave. Ryan announced Tuesday the store will relocatwe toa 4,100-square-foot space in the Lakewood Building, 3575 N. Oaklaned Ave., in September. Ryan, who owns Harleys with his Janet, said he wanted to stay in Shorewood. “Thids is our home and we are deeply committed to the he said. Ryan said one of the advantagez of the new siteis off-street parking. The Lakewood Building, a mixed-us e residential/commercial property constructedin 1962, is undergoing a $1.2 milliojn renovation. The building is ownecd by Garrett McIntosh.
Harleys has contracted with architect Stephen Bollingbrok of Development Collaborative Limited in Mequon to do aninteriore buildout. The village of Shorewood provided financial incentive s to both the buildint owner and Harleys to improve the facadw and interior space of theLakewood Building.
Owner Tim Ryan had said late in 2008 that he was planningf to remodel and cut 50 percent ofthe store’ s floor space at 4009 N. Oakland Ave. Ryan announced Tuesday the store will relocatwe toa 4,100-square-foot space in the Lakewood Building, 3575 N. Oaklaned Ave., in September. Ryan, who owns Harleys with his Janet, said he wanted to stay in Shorewood. “Thids is our home and we are deeply committed to the he said. Ryan said one of the advantagez of the new siteis off-street parking. The Lakewood Building, a mixed-us e residential/commercial property constructedin 1962, is undergoing a $1.2 milliojn renovation. The building is ownecd by Garrett McIntosh.
Harleys has contracted with architect Stephen Bollingbrok of Development Collaborative Limited in Mequon to do aninteriore buildout. The village of Shorewood provided financial incentive s to both the buildint owner and Harleys to improve the facadw and interior space of theLakewood Building.
Monday, November 22, 2010
LandMar files for bankruptcy - Atlanta Business Chronicle:
The Jacksonville-based residential development company was amon g 125 affiliates that filed along with itsparenft company, Charlotte-based , in the Westerj District of Texas. Crescent’s estimate liabilities are morethan $1 billion, according to the and its largest at $13.6 million, is to Bank of The filing was necessary, according to a statement on Crescent’s Web for the company to reorganizs its finances, reduce its debt level and improvw its capital structure.
Crescent intends to operatse its continuing businesses without any significant interruption during the restructuring processx because of a recentlyobtained debtor-in-possession financing facilit y of $110 million from a group of its existinb lenders, according to the Andrew Hede, Crescent’s chief restructuring officer, has been named CEO whilde its former chief Arthur Fields, has retired and will work with Crescenft in an advisory capacity.
“Wr have been in active discussions with our lenders and other stakeholderxs as we work towards an agreement that will bring our capita l structure in line with the currenteconomic environment,” Hede said in a statemenf on the company’s Web site. Charlotte-based Crescent has been pursuintg alternatives to shore up its balance sheeffor months, including selling some of its assets. The company is jointlyy owned by (NYSE: DUK) and Morgan Stanley and has 38 residentialo communities under development inthe Carolinas, Georgia, Arizona and Florida.
Crescent acquired a controlling interestr in LandMarin 1999, but left LandMar’s Ed Burr, in control of the companh until he resigned after a failecd attempt to buy back the company in 2007. The Jacksonvill e Economic Development Commission authorized city lawyers in May to startr the foreclosure process onthe 41-acree parcel that was to be the Plans for the Shipyardd included 1 million square feet of office 100,000 square feet of commercial space, 662 residentialk units, 350 hotel rooms and 150 marinq slips. LandMar has developed or had plans to develop dozens more properties in Florida and throughourtthe Southeast.
Sunday, November 21, 2010
Youth has served Buccaneers well - Sarasota Herald-Tribune
http://reproductiveaccess.org/tam/advocacy_resources.html
Youth has served Buccaneers well Sarasota Herald-Tribune AP Tampa Bay wide receiver Mike Williams is shown running for a touchdown in the second quarter against the Falcons in Atlanta on Nov. 7. ... |
Friday, November 19, 2010
Washington Convention Center Authority wants city to finance $550M hotel - Philadelphia Business Journal:
http://myfinanceinfo.com/perm-running-with-hurdles.htm
On May 29 the convention center’s boardc directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 millionn in bonds to cover the price of the hotel, interesg during construction, insurance and other costs. The city had planne d to finance about 25 percent of the cost of the hotel througha $187 million tax increment financing packag the passed in 2006, which woul have provided $134 million in construction The rest was supposed to come from private debt and equituy partners -- a difficult find in the frozen creditg markets. O’Dell said development partners and Capstonew Development had been dogged but unsuccessfupl in their pursuit of investorsfor months.
“They’ve been pursuinh private financing and inthis market, you that is very difficult. They’ve speng millions of dollars on this project to try to move it It really is shovel ready with the exceptionof O’Dell said. With the city losingv convention business, he said, building a city-owned hoteol was the best option. He envisions it will still contaihabout 1,100 rooms and be operatedx by Marriott had previously said it would be a Marriotf Marquis. O'Dell began briefing memberws ofthe D.C. Councilp on the board’s proposal Monday.
“Oure ultimate goal is to get this project done and get it startedr as soonas possible,” he In particular there is increased pressure from Nationapl Harbor in Prince George’s which opened last year with a priced tag of more than $2 Its developer, the Peterson Cos. announced May 18 that the WaltDisneyt Co. had purchased land to build a 500-rook resort hotel on 15 acrex there. Convincing the council to approve that amoungof spending, however, will be a tall task for He had been consideredd a top candidate to replace Neil Albert as deputyt mayor for planning and economic development, but a sourcw close to O'Dell says he was offeredf the job and turned it O’Dell would not confirm that, but indicated he woulf remain in his current post.
“Thse board and the mayof have every expectation of me completinb all the tasks I have he said. The convention center authoritt has an independent board and the ability to issue but O’Dell said the councik would need to expand its authority to issure bonds for the hotel. The council and D.C. Mayo r Adrian Fenty just finished closing a budget gapof $800 milliojn for fiscal 2010 and the city facew a gap approaching $1 billion for fiscak 2011. In addition, D.C.
Chie Financial Officer Natwar Gandhi said he will not support issuinhg that amountof debt, which he said woulf immediately violate a 12 percent cap on city debt as a mark of expenditureas the city created on his recommendation last Gandhi is a member of the convention centet board and attended the Friday meeting. “Tlo be very blunt about it I was very cleat in saying to them that if you were toborrow $750 millioj that would put us way beyond the 12 percent cap we have envisioned for the city...ane I cannot be a party to Gandhi said. The CFO said that he “vergy much” wants a hotel for the “but I would not agree to a deallike that.
See we made a commitmenty to Wall Street that we wouldf not borrow more than 12 perceny againstour budget.” Gandhi, who has won accoladews for helping the city snag a AAA bond ratingy on Wall Street, said he has alreadh begun re-emphasizing the importance of the debt cap with memberas of the council. “I do not think we want to takethis lightly. We should not borroa any more than we are able to he said. He suggested that O’Dell and his partnerss continue to seek private financing Building a hotel to accompany the convention center has always been part of the plan for the city but has languishedc from a seriesof complications. Constructiom on the Walter E.
Washingtonh Convention Center, as it was names in 2007, began in 1998 and opened fiveyearsd later. D.C. planned a 1,400-room hotel, but did not contro l the needed land. In 2007, the city gained final site control after a land swap with developeer KingdonGould III. To prevent further delaya Mayor Adrian Fenty downsized the project latetrthat year, announcing a deal between the city, Marriotr and RLJ Development LLC on a smallere 1,100-room hotel. Since then, the development team has also RLJ Development, founded by BET founder Robertt Johnson, was part of the deal Fentyt announced in September 2007 but isn’t any longer.
A main driver of the deal, Marriott Senior Vice PresidentNorman Jenkins, left the companyu late last year to start now a certified business entity that partnerxs with Quadrangle. Speaking for the developmentt team, Jenkins said it was his preferencw to continue seekingprivate financing, and said design was complete, entitlements were in place and therr equity partners ready to invest if debt were available. Capstons and Quadrangle are separately planning a Courtyarde by Marriott adjacent to the hotel on landthey control. “We coule still get there, but we got to get the banks to play and they move at their own pace,” he said.
Still, he said, “ivf the city decides to pursue the public deal we willsupporf them.” Jenkins said Johnson’s RLJ, with which Jenkina partnered while at Marriott, pulled out of the deal shortly after taking an interest in it. “They studieds it hard, spent some resources, but theid bread and butter is acquisitions and repositioning rather thannew development,” Jenkins said. Richard Bradley, executivwe director of the Downtown Business Improvement District, said it is unfortunates that the hotel projecg ran into the recession but that the city needs to “bitee the bullet” and move the project forward, citingb the opportunity to grow D.C.
as a tourisrt destination, make it a major playert in conventions and grow itstax “There’s a whole set of good things abouft moving this forward,” he
On May 29 the convention center’s boardc directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 millionn in bonds to cover the price of the hotel, interesg during construction, insurance and other costs. The city had planne d to finance about 25 percent of the cost of the hotel througha $187 million tax increment financing packag the passed in 2006, which woul have provided $134 million in construction The rest was supposed to come from private debt and equituy partners -- a difficult find in the frozen creditg markets. O’Dell said development partners and Capstonew Development had been dogged but unsuccessfupl in their pursuit of investorsfor months.
“They’ve been pursuinh private financing and inthis market, you that is very difficult. They’ve speng millions of dollars on this project to try to move it It really is shovel ready with the exceptionof O’Dell said. With the city losingv convention business, he said, building a city-owned hoteol was the best option. He envisions it will still contaihabout 1,100 rooms and be operatedx by Marriott had previously said it would be a Marriotf Marquis. O'Dell began briefing memberws ofthe D.C. Councilp on the board’s proposal Monday.
“Oure ultimate goal is to get this project done and get it startedr as soonas possible,” he In particular there is increased pressure from Nationapl Harbor in Prince George’s which opened last year with a priced tag of more than $2 Its developer, the Peterson Cos. announced May 18 that the WaltDisneyt Co. had purchased land to build a 500-rook resort hotel on 15 acrex there. Convincing the council to approve that amoungof spending, however, will be a tall task for He had been consideredd a top candidate to replace Neil Albert as deputyt mayor for planning and economic development, but a sourcw close to O'Dell says he was offeredf the job and turned it O’Dell would not confirm that, but indicated he woulf remain in his current post.
“Thse board and the mayof have every expectation of me completinb all the tasks I have he said. The convention center authoritt has an independent board and the ability to issue but O’Dell said the councik would need to expand its authority to issure bonds for the hotel. The council and D.C. Mayo r Adrian Fenty just finished closing a budget gapof $800 milliojn for fiscal 2010 and the city facew a gap approaching $1 billion for fiscak 2011. In addition, D.C.
Chie Financial Officer Natwar Gandhi said he will not support issuinhg that amountof debt, which he said woulf immediately violate a 12 percent cap on city debt as a mark of expenditureas the city created on his recommendation last Gandhi is a member of the convention centet board and attended the Friday meeting. “Tlo be very blunt about it I was very cleat in saying to them that if you were toborrow $750 millioj that would put us way beyond the 12 percent cap we have envisioned for the city...ane I cannot be a party to Gandhi said. The CFO said that he “vergy much” wants a hotel for the “but I would not agree to a deallike that.
See we made a commitmenty to Wall Street that we wouldf not borrow more than 12 perceny againstour budget.” Gandhi, who has won accoladews for helping the city snag a AAA bond ratingy on Wall Street, said he has alreadh begun re-emphasizing the importance of the debt cap with memberas of the council. “I do not think we want to takethis lightly. We should not borroa any more than we are able to he said. He suggested that O’Dell and his partnerss continue to seek private financing Building a hotel to accompany the convention center has always been part of the plan for the city but has languishedc from a seriesof complications. Constructiom on the Walter E.
Washingtonh Convention Center, as it was names in 2007, began in 1998 and opened fiveyearsd later. D.C. planned a 1,400-room hotel, but did not contro l the needed land. In 2007, the city gained final site control after a land swap with developeer KingdonGould III. To prevent further delaya Mayor Adrian Fenty downsized the project latetrthat year, announcing a deal between the city, Marriotr and RLJ Development LLC on a smallere 1,100-room hotel. Since then, the development team has also RLJ Development, founded by BET founder Robertt Johnson, was part of the deal Fentyt announced in September 2007 but isn’t any longer.
A main driver of the deal, Marriott Senior Vice PresidentNorman Jenkins, left the companyu late last year to start now a certified business entity that partnerxs with Quadrangle. Speaking for the developmentt team, Jenkins said it was his preferencw to continue seekingprivate financing, and said design was complete, entitlements were in place and therr equity partners ready to invest if debt were available. Capstons and Quadrangle are separately planning a Courtyarde by Marriott adjacent to the hotel on landthey control. “We coule still get there, but we got to get the banks to play and they move at their own pace,” he said.
Still, he said, “ivf the city decides to pursue the public deal we willsupporf them.” Jenkins said Johnson’s RLJ, with which Jenkina partnered while at Marriott, pulled out of the deal shortly after taking an interest in it. “They studieds it hard, spent some resources, but theid bread and butter is acquisitions and repositioning rather thannew development,” Jenkins said. Richard Bradley, executivwe director of the Downtown Business Improvement District, said it is unfortunates that the hotel projecg ran into the recession but that the city needs to “bitee the bullet” and move the project forward, citingb the opportunity to grow D.C.
as a tourisrt destination, make it a major playert in conventions and grow itstax “There’s a whole set of good things abouft moving this forward,” he
Thursday, November 18, 2010
GM IPO Prices At $33; Total Offer Could Reach $23B - Barron's (blog)
http://4utexts.com/en/public-speaking/page_19.html
Telegraph.co.uk | GM IPO Prices At $33; Total Offer Could Reach $23B Barron's (blog) ... that had already been raised from an earlier $26 to $29, presumably reflecting rabid interest in the offering, which is to open for trading tomorrow. ... Reflecting renewed confidence, GM ups IPO by more than 30% General Motors stock offering may break records GM Supersizes IPO |
Tuesday, November 16, 2010
Inquest probes death of woman found in burning shed - Arbroath Herald
obovadugibe.blogspot.com
Inquest probes death of woman found in burning shed Arbroath Herald An inquest will be held into the death of a 38-year-old mother who was found in a burning shed at her Eastbourne home. The body of Sharon Harris was ... |
Wednesday, November 10, 2010
Washington man walking on Missoula sidewalk struck, killed by car - Great Falls Tribune
http://www.asklaptopfreak.com/laptop-notebook-help/2006/06/28/thinkpad-screen-yellow-tint/
Washington man walking on Missoula sidewalk struck, killed by car Great F » |
Tuesday, November 9, 2010
Call Centers Without Advanced Real-Time Decisioning "at Risk From Insight Gaps ... - MarketWatch (press release)
ermolayxitpev.blogspot.com
Call Centers Without Advanced Real-Time Decisioning "at Risk From Insight Gaps ... MarketWatch (press release) "These factors make real-time decisioning, particularly through inbound marketing, an essential part of any B2C organization's customer interaction strategy ... |
Monday, November 8, 2010
Top Land Sales Transactions - Triangle Business Journal:
http://www.tradewind-ins.com/article/Oilmeal-exports-double-in-October-on-demand-revival.html
Kite Realty plans to builde a retail power center called New Hill Placed that is expected to be anchored bya 132,500-square-foog SuperTarget store. Partners with Wardson Construction in doing business asSpring Investors, also got in on the deal and purchaserd 21.7 acres adjacent to Kite’s land at a pricee of $1.28 million for future residential construction. The deal bumpef up the total value of the New Hill Placwe land assemblageto $15.5 million, accordinyg to Wake County records. New Hill land sellers were led by Jae Shin Kim and Jin Sok So of the family ofRuby J.
Ransdellp and the family of John Henry Geoff Loftin, associate vice and Frank Quinn, executive vice president, of Anthony Co. Oncor International in Raleigh represented Hollgy Springs Shopping Center LLC in the sale of 125 acreasto Kite. Charlie Grady of Coldwelll Banker Commercial Advantage of Raleigh and Brendqa Compton of Hartwell Realtyg in Garner represented othefr landowner investors with smaller stakes inthe deal. Seconr Place: Wake Technical Community College in July purchasede 55 acres near the intersectionof N.C. 54 and Watkin s Road in Morrisvillefor $8 million.The schooo plans to build a third campusx in Wake County near the southermn edge of Research Triangle Park.
The sellerr was , a group led by Granite Development principals Rick Vaughn and Craig Huntet ofMount Airy. Wake Tech purchased an additional seven acreas in Octoberfor $500,000 from the heirs of Pearl according to Wake County records. Kyle Greer of in Raleigj represented Wake Tech in its McQueen Campbell of also was a consultant on the Wake Tech is developing plans to open the firstg buildings at the Morrisville campusin 2011. At the campus will be able toaccommodats 10,000 students annually. of Wichita, Kan., paid $1.9 million for 5.74 acres off N.C.
54 southg of Carrington Mill Boulevard in the Perimetee Park office development in December 2007 with plans to builrd its firstHotel Sierra-branded hote in the Triangle. Lodgeworks, doing busineses as , began construction on the Morrisvillse property in August 2008 and expectws to open the hotel in the fourth quarter of says Lodgeworks spokesmanBrad Lob. The four-storyy hotel will have 140 guest rooms.
, which sold the was represented by Barry Bowling of in Jim Allaire of in Raleigh represented Lodgeworks in its landpurchase
Kite Realty plans to builde a retail power center called New Hill Placed that is expected to be anchored bya 132,500-square-foog SuperTarget store. Partners with Wardson Construction in doing business asSpring Investors, also got in on the deal and purchaserd 21.7 acres adjacent to Kite’s land at a pricee of $1.28 million for future residential construction. The deal bumpef up the total value of the New Hill Placwe land assemblageto $15.5 million, accordinyg to Wake County records. New Hill land sellers were led by Jae Shin Kim and Jin Sok So of the family ofRuby J.
Ransdellp and the family of John Henry Geoff Loftin, associate vice and Frank Quinn, executive vice president, of Anthony Co. Oncor International in Raleigh represented Hollgy Springs Shopping Center LLC in the sale of 125 acreasto Kite. Charlie Grady of Coldwelll Banker Commercial Advantage of Raleigh and Brendqa Compton of Hartwell Realtyg in Garner represented othefr landowner investors with smaller stakes inthe deal. Seconr Place: Wake Technical Community College in July purchasede 55 acres near the intersectionof N.C. 54 and Watkin s Road in Morrisvillefor $8 million.The schooo plans to build a third campusx in Wake County near the southermn edge of Research Triangle Park.
The sellerr was , a group led by Granite Development principals Rick Vaughn and Craig Huntet ofMount Airy. Wake Tech purchased an additional seven acreas in Octoberfor $500,000 from the heirs of Pearl according to Wake County records. Kyle Greer of in Raleigj represented Wake Tech in its McQueen Campbell of also was a consultant on the Wake Tech is developing plans to open the firstg buildings at the Morrisville campusin 2011. At the campus will be able toaccommodats 10,000 students annually. of Wichita, Kan., paid $1.9 million for 5.74 acres off N.C.
54 southg of Carrington Mill Boulevard in the Perimetee Park office development in December 2007 with plans to builrd its firstHotel Sierra-branded hote in the Triangle. Lodgeworks, doing busineses as , began construction on the Morrisvillse property in August 2008 and expectws to open the hotel in the fourth quarter of says Lodgeworks spokesmanBrad Lob. The four-storyy hotel will have 140 guest rooms.
, which sold the was represented by Barry Bowling of in Jim Allaire of in Raleigh represented Lodgeworks in its landpurchase
Saturday, November 6, 2010
Oil and gas industry
http://bruno-huerre.com/presentation/bruno_huerre_texte.html
The study found that hits to the industry included some scalinvg back of upstream investment in 2009 and the postponemen t of someproposed developments. But from overall Ernst & Young estimates that, as the recoveryu in oil and gas markets gathers steamm in the second half of the U.S. oil and gas industry appearsz poised to resume its growth and be a key contributod tothe U.S. and global economic recovery. Among the report’s findings are that total capital expenditure grew 35 percentto $132. billion in 2008 compared with 2007. Natural gas reserveas also rose 4 percengto 145.2 trillion cubic feet in 2008 from 139.9 Tcf in 2007 even though negative revisions of 6.
7 trillion cubif feet were recorded for gas reserves in 2008. • Revenuee grew 35 percent to $183.3 billion in 2008, but increases in production costsand depreciation, depletionb and amortization led to an 8 percentg decline in after-tax profits. Production costs were $14.72 per barrel of oil equivalentyin 2008, a 25 percenyt increase from 2007. These costs have more than doublefrom $6.55 per BOE in 2004. • With low year-enrd prices forcing several companies to reduce or revisereported reserves, findingh and development costs per barrel of oil equivalent increased dramaticallgy in 2008. The all-sources measurs was $39.58 per BOE in 2008. • Negativde revisions of 1.
2 billion barrels were reportexd for oil reservesin 2008, leading to a 7 percent declinde in ending reserves from 16.1 billion barrels in 2007 to 15 billionn barrels in 2008. “Despite rising production the oil and gas industry continues to be positionex for an economic upturn as it makes significany investments in exploration andproduction activities,” Marcela Americas director of oil and gas for Ernstf & Young, said in a statement. “It’s critical for the industry to continue its investments in domestix opportunities since we expect that energy demand in the long term will continurto increase.
” The study is a compilation and analysiw of select oil and gas reserve disclosure information as reported by publicly traded companies in their annuall reports filed with the . The studty analyzed 40 exploration and production company resultz overa five-year perioxd to find out how the industry was performing and what challengesa it was facing. These companies account for about 70 percengt oftotal U.S. oil reservea and 61 percent of U.S.
gas Exploration and production companiesw continue to make investments in theirf oil andgas operations, evident by the plowback percentagde of 102 percent between 2006 and 2008 and 91 perceny over the five-year period, accordingb to Charles Swanson, Houston office managing partner for Ernsyt & Young. The plowback ratio is the percentagde ofa firm’s earningxs that are reinvested in the firm. Swansob also said gas reserves and production have grownh 56 percent and29 percent, respectively, sinced 2004.
“When the commodity prices stabilize, the industrt should be in a good position,” Swanson said in a “Compared to the recovery of the last majoer collapse inthe 1980s, today’s oil and gas industry is much learner, more efficient and better-positioned to take advantage of opportunities durint an economic recovery.”
The study found that hits to the industry included some scalinvg back of upstream investment in 2009 and the postponemen t of someproposed developments. But from overall Ernst & Young estimates that, as the recoveryu in oil and gas markets gathers steamm in the second half of the U.S. oil and gas industry appearsz poised to resume its growth and be a key contributod tothe U.S. and global economic recovery. Among the report’s findings are that total capital expenditure grew 35 percentto $132. billion in 2008 compared with 2007. Natural gas reserveas also rose 4 percengto 145.2 trillion cubic feet in 2008 from 139.9 Tcf in 2007 even though negative revisions of 6.
7 trillion cubif feet were recorded for gas reserves in 2008. • Revenuee grew 35 percent to $183.3 billion in 2008, but increases in production costsand depreciation, depletionb and amortization led to an 8 percentg decline in after-tax profits. Production costs were $14.72 per barrel of oil equivalentyin 2008, a 25 percenyt increase from 2007. These costs have more than doublefrom $6.55 per BOE in 2004. • With low year-enrd prices forcing several companies to reduce or revisereported reserves, findingh and development costs per barrel of oil equivalent increased dramaticallgy in 2008. The all-sources measurs was $39.58 per BOE in 2008. • Negativde revisions of 1.
2 billion barrels were reportexd for oil reservesin 2008, leading to a 7 percent declinde in ending reserves from 16.1 billion barrels in 2007 to 15 billionn barrels in 2008. “Despite rising production the oil and gas industry continues to be positionex for an economic upturn as it makes significany investments in exploration andproduction activities,” Marcela Americas director of oil and gas for Ernstf & Young, said in a statement. “It’s critical for the industry to continue its investments in domestix opportunities since we expect that energy demand in the long term will continurto increase.
” The study is a compilation and analysiw of select oil and gas reserve disclosure information as reported by publicly traded companies in their annuall reports filed with the . The studty analyzed 40 exploration and production company resultz overa five-year perioxd to find out how the industry was performing and what challengesa it was facing. These companies account for about 70 percengt oftotal U.S. oil reservea and 61 percent of U.S.
gas Exploration and production companiesw continue to make investments in theirf oil andgas operations, evident by the plowback percentagde of 102 percent between 2006 and 2008 and 91 perceny over the five-year period, accordingb to Charles Swanson, Houston office managing partner for Ernsyt & Young. The plowback ratio is the percentagde ofa firm’s earningxs that are reinvested in the firm. Swansob also said gas reserves and production have grownh 56 percent and29 percent, respectively, sinced 2004.
“When the commodity prices stabilize, the industrt should be in a good position,” Swanson said in a “Compared to the recovery of the last majoer collapse inthe 1980s, today’s oil and gas industry is much learner, more efficient and better-positioned to take advantage of opportunities durint an economic recovery.”
Friday, November 5, 2010
Barcelona to close for summer renovation - Pacific Business News (Honolulu):
http://www.credit-fix-secrets.com/money-management-page16.html
The club, at 15440 N. Greenwauy Hayden Loop, will be open for its last day of businese onJune 27. Construction crews will renovatse the restaurant in time fora re-opening in abou three months. The projecft is expected to create a new concept in both entertainmenr and dining and is being led by renowne designerDodd Mitchell. Mitchell has led projects across the country, including Los Angeles clubs Dolce, Sushi Roku and the Hollywoodd Roosevelt Hotel.
Mitchell also just completed an award-winning redesign project at Cabo Azul Resort and Spa inLos Cabos, Barcelona officials declined to discusse the amount being invested in the projecr or what the new creation may look “We really want it to be a To us, it’s not like we’re but this (summer season) reallyh seems like the perfect time to do this said Lynze Shuman, director of marketinh and promotions. For more: w or .
The club, at 15440 N. Greenwauy Hayden Loop, will be open for its last day of businese onJune 27. Construction crews will renovatse the restaurant in time fora re-opening in abou three months. The projecft is expected to create a new concept in both entertainmenr and dining and is being led by renowne designerDodd Mitchell. Mitchell has led projects across the country, including Los Angeles clubs Dolce, Sushi Roku and the Hollywoodd Roosevelt Hotel.
Mitchell also just completed an award-winning redesign project at Cabo Azul Resort and Spa inLos Cabos, Barcelona officials declined to discusse the amount being invested in the projecr or what the new creation may look “We really want it to be a To us, it’s not like we’re but this (summer season) reallyh seems like the perfect time to do this said Lynze Shuman, director of marketinh and promotions. For more: w or .
Wednesday, November 3, 2010
Intel to buy Wind River for $884M - Boston Business Journal:
uvepexatawus.blogspot.com
Intel's $11.50-per-share offer is about a 44 percenrt premium overWind River's closing pric on Wednesday of $8. Wind River stock lost more than half its value betweena 52-week high of $12.99 last Augusf and a low of $5.61 in The stock closed Thursday at $11.72, up 47 Santa Clara-based Intel said buying Alameda-based Wind Rive (NASDAQ:WIND) will help it expand its software into thousandzs of embedded systems and mobile devices including smart phones, in-cafr "info-tainment" systems, aerospace and defense, energy and thousandds of other uses.
Wind River will operate as a whollh owned subsidiary after the deal closes during the reporting toRenee James, head of Intel’a software and services group. "Our combination of strengths will be of greaft benefit toWind River’s existing and future customers," said Ken Klein, Wind River chairman, president and CEO. Founded in 1981, Wind Riverd has more than 1,6000 employees and operations in more than 15 During its fiscal yearended Jan. 31, Wind Rivedr reported $10.7 million in net incomde on annual revenueof $359.7 million. The companyh on Thursday posted a 21 percent increase in netincome $561,000, or 1 cent a share, for its first quarter despite a 6.
5 percenyt drop in revenue to $63.8 million.
Intel's $11.50-per-share offer is about a 44 percenrt premium overWind River's closing pric on Wednesday of $8. Wind River stock lost more than half its value betweena 52-week high of $12.99 last Augusf and a low of $5.61 in The stock closed Thursday at $11.72, up 47 Santa Clara-based Intel said buying Alameda-based Wind Rive (NASDAQ:WIND) will help it expand its software into thousandzs of embedded systems and mobile devices including smart phones, in-cafr "info-tainment" systems, aerospace and defense, energy and thousandds of other uses.
Wind River will operate as a whollh owned subsidiary after the deal closes during the reporting toRenee James, head of Intel’a software and services group. "Our combination of strengths will be of greaft benefit toWind River’s existing and future customers," said Ken Klein, Wind River chairman, president and CEO. Founded in 1981, Wind Riverd has more than 1,6000 employees and operations in more than 15 During its fiscal yearended Jan. 31, Wind Rivedr reported $10.7 million in net incomde on annual revenueof $359.7 million. The companyh on Thursday posted a 21 percent increase in netincome $561,000, or 1 cent a share, for its first quarter despite a 6.
5 percenyt drop in revenue to $63.8 million.
Tuesday, November 2, 2010
Deloitte: Consumer spending rises in June - Charlotte Business Journal:
bentlyoupapa1810.blogspot.com
The index rose to 1.83 percen from 1.4 percent in May. Deloittw says its index analyzes tax initialunemployment claims, real wages and real home pricesz to track consumer cash flow as an indicator of futur e consumer spending. “The pace of decline in real consumerr spending appears tobe abating,” says Ira director of global economicw and consumer business with and author of the monthly “High savings rates and unemployment accompanied by a weak housing market have weighed on consumer spending for months, but trendd are starting to point in a differenty direction.
For example, the rate of decline in housing prices began todecelerate and, in real home prices finally rose from the previousz month.” The index also reportz that the tax burden continued to drop with the weakenint of the economy. In tax cuts embedded in the federal economic-stimulusx plan are taking effect. First-time unemployment claim s remain at a historicallyhigh level, the indexd says, but the job market may be bottoming out. Real wages have flattenecd over the past several months due in large part to weakness in thejob However, on a year-over-year basis, real wagesx are rising at an accelerating in part because of deflation.
The decline in real home prices also appears tobe ending, the index says. Lowerf prices and low interest rates have encouragedf a renewal inhome buying, which, over will likely lead to a stabilization of prices. recent increases in long-term interest ratew could have a negative impact on thehousingv market.
The index rose to 1.83 percen from 1.4 percent in May. Deloittw says its index analyzes tax initialunemployment claims, real wages and real home pricesz to track consumer cash flow as an indicator of futur e consumer spending. “The pace of decline in real consumerr spending appears tobe abating,” says Ira director of global economicw and consumer business with and author of the monthly “High savings rates and unemployment accompanied by a weak housing market have weighed on consumer spending for months, but trendd are starting to point in a differenty direction.
For example, the rate of decline in housing prices began todecelerate and, in real home prices finally rose from the previousz month.” The index also reportz that the tax burden continued to drop with the weakenint of the economy. In tax cuts embedded in the federal economic-stimulusx plan are taking effect. First-time unemployment claim s remain at a historicallyhigh level, the indexd says, but the job market may be bottoming out. Real wages have flattenecd over the past several months due in large part to weakness in thejob However, on a year-over-year basis, real wagesx are rising at an accelerating in part because of deflation.
The decline in real home prices also appears tobe ending, the index says. Lowerf prices and low interest rates have encouragedf a renewal inhome buying, which, over will likely lead to a stabilization of prices. recent increases in long-term interest ratew could have a negative impact on thehousingv market.
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