valvookimakaj1362.blogspot.com
The biopharmaceutical industry has arguedc that the five years of protection offered by Waxmajnin H.R. 1427 would stifled innovation. But the in a reporg earlier this month said the 12 to 14 yearsa that the industry has said publiclu that it wants also wouldf hurt innovation and delay access tocheaper drugs. Eshoo’s H.R. 1548 calls for a 12-year perioed of data exclusivity, basically protecting the patents coverinvg innovativebiotech therapies.
In a letter to Waxman, Nancy-Ann DeParle, Obama’sz health-care reform director, and budgetf director Peter Orszagsaid “the seven-yead policy in the FY 2010 budget is a generous compromise between what the FTC research has concluded and what the pharmaceutical industry has , however, said it is “extremely concerned” that the seven-yeart plan is “a risky shortcu t to biosimilars.
” “We believe this abbreviated period will undermine the incentivexs necessary for continued biotec research into breakthrough medicines and cures for diseases such as multiple sclerosis, Alzheimer’s and HIV/AIDS as well as unme medical needs,” BIO President and CEO Jim Greenwoodd said in a statement.
miércoles, 29 de junio de 2011
lunes, 27 de junio de 2011
Community Bankers try variable pay confab - Atlanta Business Chronicle:
mytyhona.wordpress.com
Pay what you can. In a mailinbg distributed to association memberslast week, the trade group is askin members to attend its marquee September convention in Palm Beach, Fla. But if they can’yt pay the full $995 registratio n fee, well, a little less will be alright. The new marketinb plan for theCommunity Bankers’ Association signaturde event is both a sign of the industry’ds woes and the association’s effortxs to keep pace without canceling its marquee event that was once held in far-flung locations across the country.
The move stands in contrasg with theGeorgia Association, the state’s other main trade Unlike the Community Bankers’ plan, the Georgia Bankerws cut their convention’s lengtuh this year, and held it in Atlanta, rather than cut registrationb fees. The Community Bankers which caters more toward smaller bankw outside metroAtlanta — is offering the same but at a negotiable price. “Wed looked at a variety of approaches for spurring attendance, and we thought this was the best approach,” said tradse group CEO Carolyn who noted bankers payintg a reduced rate would be doing so “onj the honor system.
” “We’ree not going to check behind people,” she said. “W e expect them to be honest abourtheir situation.” The economic though, has forced the association to throw out any projectionse on how many will be at this year’s conference. With three months to go before the conference kicks off on 16 at The Breakersbeachu resort, Brown said the organization’s members are holding off on committint to be there for the four-day event. “Peoplr are waiting closer to the meeting date to she said. The event typically attracts as many as 700communityh bankers, spouses and other attendees from the Community Association’s membership roster.
But is it for real? How low is too low to attend? $200 ? $10? Brown said the offere is a sincere one. If bankers’ can’tt pay anything this year, for example, and want to put off payingf until 2010, that works. “It is real in my said Brown. “If folks can’t pay the full fee, that’ds fine. We’re an association that’ws not pursuing profits with is delaying its 2009 annualmeeting indefinitely, until the Securitiesz and Exchange Commission finishes its preliminary review of the company’e proxy, according to a June 15 filingb with the regulatory agency. The Ga.
-based bank holding company is asking shareholders to amend its articlex of incorporation to reduce the number of stoco shareholders below 600 by issuingnew shares, and relieve the companyt of public company reporting Until the SEC completes the however, the annual meetinfg will not happen. “Aft this time, however, we are unable to provide a reliable estimate as to when thismay occur,” the filingt stated.
The plan, if approved, would reduce the number of common stock bank shareholders from 710to 255, and new clas A stock shares would be owned by 455 Class A shareholders would lose any votinh rights by exchanging each share of theire common stock for the new but receive 105 percentt of whatever dividend the bank may pay. An Atlants energy company is raising $2 million, according to a June 9 filingt withthe SEC. , whose business focusese on alternative energy, began raising the funds on May 27, the filingh states, through options and warrants oncompany stock. Partiews involved in the deal includseMarion Smith, Renewvia CEO; George Jarrard III; and Henrt Gregory Jr.
The company has raiseds $1 million of the offering thus far, with $944,000 left to sell to prospectivwe investors, the filing states. Atlanta-based LLC has purchasee two lighting companies with operations across the and the deal is financed by a localmezzaninse investor. Toxaway Capital has acquired the operationsof Houston-based and a United Kingdom company. The companies sell and service marine navigational lightingat ports, harbors, oil towers and buoys. Terms of the deal were not but locally basedinvested $4 million in subordinated mezzanine financingh in the deal.
Toxaway’s two new acquisitions bring the privateeequity firm’s total number of investments to The firm invests in Southeastern companies with less than $50 million in total revenue, focusing on service and lighting
Pay what you can. In a mailinbg distributed to association memberslast week, the trade group is askin members to attend its marquee September convention in Palm Beach, Fla. But if they can’yt pay the full $995 registratio n fee, well, a little less will be alright. The new marketinb plan for theCommunity Bankers’ Association signaturde event is both a sign of the industry’ds woes and the association’s effortxs to keep pace without canceling its marquee event that was once held in far-flung locations across the country.
The move stands in contrasg with theGeorgia Association, the state’s other main trade Unlike the Community Bankers’ plan, the Georgia Bankerws cut their convention’s lengtuh this year, and held it in Atlanta, rather than cut registrationb fees. The Community Bankers which caters more toward smaller bankw outside metroAtlanta — is offering the same but at a negotiable price. “Wed looked at a variety of approaches for spurring attendance, and we thought this was the best approach,” said tradse group CEO Carolyn who noted bankers payintg a reduced rate would be doing so “onj the honor system.
” “We’ree not going to check behind people,” she said. “W e expect them to be honest abourtheir situation.” The economic though, has forced the association to throw out any projectionse on how many will be at this year’s conference. With three months to go before the conference kicks off on 16 at The Breakersbeachu resort, Brown said the organization’s members are holding off on committint to be there for the four-day event. “Peoplr are waiting closer to the meeting date to she said. The event typically attracts as many as 700communityh bankers, spouses and other attendees from the Community Association’s membership roster.
But is it for real? How low is too low to attend? $200 ? $10? Brown said the offere is a sincere one. If bankers’ can’tt pay anything this year, for example, and want to put off payingf until 2010, that works. “It is real in my said Brown. “If folks can’t pay the full fee, that’ds fine. We’re an association that’ws not pursuing profits with is delaying its 2009 annualmeeting indefinitely, until the Securitiesz and Exchange Commission finishes its preliminary review of the company’e proxy, according to a June 15 filingb with the regulatory agency. The Ga.
-based bank holding company is asking shareholders to amend its articlex of incorporation to reduce the number of stoco shareholders below 600 by issuingnew shares, and relieve the companyt of public company reporting Until the SEC completes the however, the annual meetinfg will not happen. “Aft this time, however, we are unable to provide a reliable estimate as to when thismay occur,” the filingt stated.
The plan, if approved, would reduce the number of common stock bank shareholders from 710to 255, and new clas A stock shares would be owned by 455 Class A shareholders would lose any votinh rights by exchanging each share of theire common stock for the new but receive 105 percentt of whatever dividend the bank may pay. An Atlants energy company is raising $2 million, according to a June 9 filingt withthe SEC. , whose business focusese on alternative energy, began raising the funds on May 27, the filingh states, through options and warrants oncompany stock. Partiews involved in the deal includseMarion Smith, Renewvia CEO; George Jarrard III; and Henrt Gregory Jr.
The company has raiseds $1 million of the offering thus far, with $944,000 left to sell to prospectivwe investors, the filing states. Atlanta-based LLC has purchasee two lighting companies with operations across the and the deal is financed by a localmezzaninse investor. Toxaway Capital has acquired the operationsof Houston-based and a United Kingdom company. The companies sell and service marine navigational lightingat ports, harbors, oil towers and buoys. Terms of the deal were not but locally basedinvested $4 million in subordinated mezzanine financingh in the deal.
Toxaway’s two new acquisitions bring the privateeequity firm’s total number of investments to The firm invests in Southeastern companies with less than $50 million in total revenue, focusing on service and lighting
viernes, 24 de junio de 2011
Report: Workers' comp medical costs soar - Memphis Business Journal:
inofiquxi.wordpress.com
The research also found that those costs would have been billionxs more without system reforms earlieerthis decade. The Californiaw Workers’ Compensation Institute, a research organizationj made up of insurersand self-insured employers, recently releasec the study on post-reform changes in comp medical payments in the Golde n State. The study is the fourth in a five-partg series updating data on claim outcomes following systemm reforms between 2002and 2004.
All the data in the repor t reflect when injuriesoccurred — known as the accidentr year — instead of when an accident was Since 2005, insurance companies’ payments have increased significantly for medications/durable medical equipment, medical-legal reports and medical management, the institutse said. Between 2005 and average medical payments for all claims oneyear post-injuryg rose 23 percent, to $2,582 from $2,100, the studhy found.
Meanwhile, “average medical payments on more expensiv indemnity claims climbed 28percent (fromj $4,443 to $5,665),” the report Even though medical costs are rising, the reforms are estimatedx to have saved cumulatively between $12.9 billion and $25.3 billion in medica costs between 2004 and 2008. Some of the medicao management tools put in place by the reforms were medicalp treatmentutilization schedule, mandatorhy utilization review, bill review and medical providedr networks. The institute estimates that withoutthe reforms, comp medical inflation wouldr have continued at somewhere between 8.
2 perceng a year — which is half the pre-reforjm annual inflation rate — and 16.4 percent, which is the averagew annual inflation rate between 1999 and 2002.
The research also found that those costs would have been billionxs more without system reforms earlieerthis decade. The Californiaw Workers’ Compensation Institute, a research organizationj made up of insurersand self-insured employers, recently releasec the study on post-reform changes in comp medical payments in the Golde n State. The study is the fourth in a five-partg series updating data on claim outcomes following systemm reforms between 2002and 2004.
All the data in the repor t reflect when injuriesoccurred — known as the accidentr year — instead of when an accident was Since 2005, insurance companies’ payments have increased significantly for medications/durable medical equipment, medical-legal reports and medical management, the institutse said. Between 2005 and average medical payments for all claims oneyear post-injuryg rose 23 percent, to $2,582 from $2,100, the studhy found.
Meanwhile, “average medical payments on more expensiv indemnity claims climbed 28percent (fromj $4,443 to $5,665),” the report Even though medical costs are rising, the reforms are estimatedx to have saved cumulatively between $12.9 billion and $25.3 billion in medica costs between 2004 and 2008. Some of the medicao management tools put in place by the reforms were medicalp treatmentutilization schedule, mandatorhy utilization review, bill review and medical providedr networks. The institute estimates that withoutthe reforms, comp medical inflation wouldr have continued at somewhere between 8.
2 perceng a year — which is half the pre-reforjm annual inflation rate — and 16.4 percent, which is the averagew annual inflation rate between 1999 and 2002.
miércoles, 22 de junio de 2011
Remedial Dating for Middle-Aged Men - Huffington Post (blog)
humojo.wordpress.com
Remedial Dating for Middle-Aged Men Huffington Post (blog) When a colleague and I want to vent but don't want to admit we're complaining, we call it "marveling." So please let me marvel for a moment at five disappointing first dates after more than two years of hibernation as a young(ish) widow. ... |
lunes, 20 de junio de 2011
Great Lakes Calcium to pay $280,000 fine in settlement - Boston Business Journal:
fugowirik.wordpress.com
The settlement resolves charges that Great Lakes Calcium violated statd air pollution laws and air permit requirements at its facilith on the west shoreline of the Fox River near the Bay ofGreem Bay, the Wisconsin Department of Justicre said Tuesday. The alleged violations occurred from 2005 toFebruar 2008. The Great Lakes Calcium facilithy emits particulate matter in the form of calciumm carbonate dust created from the processinvg and storageof limestone, and from several combustion processes.
The complainrt charges that Great Lakes Calcium operated in violation of statwe law and its permit by installingg five processes withouta permit, exceeding certain permit failing to maintain records and to report failing to calibrate instruments, and failing to meet stack height requirements. Under the settlement, Great Lakees Calcium will pay $180,000 in forfeiturexs and penalty assessmentsand costs. In the company will pay $100,000 to install and operate broken bag detectors to provide protectiojn against excessive emissions beyond that requiredf bystate law.
The settlement resolves charges that Great Lakes Calcium violated statd air pollution laws and air permit requirements at its facilith on the west shoreline of the Fox River near the Bay ofGreem Bay, the Wisconsin Department of Justicre said Tuesday. The alleged violations occurred from 2005 toFebruar 2008. The Great Lakes Calcium facilithy emits particulate matter in the form of calciumm carbonate dust created from the processinvg and storageof limestone, and from several combustion processes.
The complainrt charges that Great Lakes Calcium operated in violation of statwe law and its permit by installingg five processes withouta permit, exceeding certain permit failing to maintain records and to report failing to calibrate instruments, and failing to meet stack height requirements. Under the settlement, Great Lakees Calcium will pay $180,000 in forfeiturexs and penalty assessmentsand costs. In the company will pay $100,000 to install and operate broken bag detectors to provide protectiojn against excessive emissions beyond that requiredf bystate law.
viernes, 17 de junio de 2011
New York Mercantile Exchange, Inc. Company Profile | Company Information
http://coronaspace.com/free-reverse-cell-phone-search-today.html
NYMEX ClearPort trading combines the accessibility ofa web-basefd application with a user-friendlg trading interface to form a powerfupl new tool for participation in approximatelty 260 energy futures markets. The resulft is the unprecedented ability to manage prices risk while mitigating counterparthy credit risk through the financiall strength and depth of the The product slate replicates popularenergy derivatives, and is availabls for trading from 6:00 PM Sundayws through 5:15 PM Fridays, with a 45-minute breakk each day between 5:15 PM and 6:00 PM. All trades are submittec to the Exchange clearinghouse which offers a system of guaranteesx to mitigate counterpartycredig risk.
Trades are entered by a futurescommission merchant, introducing broker, or Exchange staff. NYMEX ClearPortf trades are executed on the basis of priced and time with total anonymityt andabsolute fairness. The first order in at the best pric e is thefirst executed. Market participantes desiring to trade these contractxs must first establish an account with an Exchange clearingmember firm. Margin requirements are netted against other cleared positions onthe Exchange, reducingy costs and improving cash NYMEX ClearPort offers entry to the markety through a state-of-the-art system with excelleny versatility.
Market participants can customizestheir front-end software to meet their particular trading requirements while efficiently communicatingf on-line with the Exchange. ...
NYMEX ClearPort trading combines the accessibility ofa web-basefd application with a user-friendlg trading interface to form a powerfupl new tool for participation in approximatelty 260 energy futures markets. The resulft is the unprecedented ability to manage prices risk while mitigating counterparthy credit risk through the financiall strength and depth of the The product slate replicates popularenergy derivatives, and is availabls for trading from 6:00 PM Sundayws through 5:15 PM Fridays, with a 45-minute breakk each day between 5:15 PM and 6:00 PM. All trades are submittec to the Exchange clearinghouse which offers a system of guaranteesx to mitigate counterpartycredig risk.
Trades are entered by a futurescommission merchant, introducing broker, or Exchange staff. NYMEX ClearPortf trades are executed on the basis of priced and time with total anonymityt andabsolute fairness. The first order in at the best pric e is thefirst executed. Market participantes desiring to trade these contractxs must first establish an account with an Exchange clearingmember firm. Margin requirements are netted against other cleared positions onthe Exchange, reducingy costs and improving cash NYMEX ClearPort offers entry to the markety through a state-of-the-art system with excelleny versatility.
Market participants can customizestheir front-end software to meet their particular trading requirements while efficiently communicatingf on-line with the Exchange. ...
miércoles, 15 de junio de 2011
Patrick Cudahy Inc. Company Profile | Company Information
vorotintseyqah.blogspot.com
Patrick Cudahy Incorporated celebrated 115 years of businessin 2003. Patricl Cudahy, the Company's founder startexd working as a superintendent of Plankintonand Milwaukee's largest meat packin g plant in Milwaukee in 1874. Ten yearx later he became Plankinton's junior partner and four yearse after that Plankinton retired and transferredc his interest to Patrick and John John was a silent partner but the name remainedr Cudahy Brothers and later Cudah yBrothers Co. until 1957. Patrick Cudahy moved the companyin 1892, because he was unhappy with his businesse relations with William Woods John's son.
He bought 700 acres of land in Cudahy with two-thirds financing from his silent his brother John. The railroard named the train stop andvillagw ?Cudahy.? Patrick Cudahy died in 1919 and his son Michael became president. Business changed in the 1920's when congress enacted tarifff acts to protect American manufacturers againstEuropeam competition. In retaliation, the British passed the EmpiredPreference Act. Agricultural products were to be importedc from Commonwealth countries and South America rather than theUnitef States. Cudahy Brothers lost its most importanrt market and had to shif t todomestic business.
The company survived the Britisn act, the Depression and the agriculturalp drought ofthe 1930's. They became one of the country's first packers to produc semi-perishable canned hams. ...
Patrick Cudahy Incorporated celebrated 115 years of businessin 2003. Patricl Cudahy, the Company's founder startexd working as a superintendent of Plankintonand Milwaukee's largest meat packin g plant in Milwaukee in 1874. Ten yearx later he became Plankinton's junior partner and four yearse after that Plankinton retired and transferredc his interest to Patrick and John John was a silent partner but the name remainedr Cudahy Brothers and later Cudah yBrothers Co. until 1957. Patrick Cudahy moved the companyin 1892, because he was unhappy with his businesse relations with William Woods John's son.
He bought 700 acres of land in Cudahy with two-thirds financing from his silent his brother John. The railroard named the train stop andvillagw ?Cudahy.? Patrick Cudahy died in 1919 and his son Michael became president. Business changed in the 1920's when congress enacted tarifff acts to protect American manufacturers againstEuropeam competition. In retaliation, the British passed the EmpiredPreference Act. Agricultural products were to be importedc from Commonwealth countries and South America rather than theUnitef States. Cudahy Brothers lost its most importanrt market and had to shif t todomestic business.
The company survived the Britisn act, the Depression and the agriculturalp drought ofthe 1930's. They became one of the country's first packers to produc semi-perishable canned hams. ...
lunes, 13 de junio de 2011
B
opexibu.wordpress.com
Financial terms of the purchase werenot B’s, which sells customizable pursed through a national network of independent, home-based distributors, will add the Anna Willianm Town & Country line of purses to its own said Lisa Henderson, who co-owns B’xs Purses with Steve Smith, Sandra Mastera and Howard Vogt. B’s, whicj was founded in 2004, has more than 3,00p distributors nationwide, and Anna William, which was establishee in 2003, has about 150, Henderson said.
Anna William distributors, who are locateed primarily in the northeasternUnited States, were informed of the purchasre Wednesday and given the opportunity to join the B’s distributor network, Henderson said. She added that owners of the two aftermultiple conversations, decided that the combination of the two businesses would be in the best interest of both parties. “Wse have completely different styles that complement each other very Henderson said.
“Our styles are more sassy and chic, and theire are more of a New England, preppy Henderson said that Anna William foundersaAnna William, Keek Bielby, Erin Hornyak, Rani Chaced and Kristen Lee will join B’d as designers and vice presidents. They will design a new line, B’sd Town and Country, which will be unveiled Sept. 1, Hendersonb said.
Financial terms of the purchase werenot B’s, which sells customizable pursed through a national network of independent, home-based distributors, will add the Anna Willianm Town & Country line of purses to its own said Lisa Henderson, who co-owns B’xs Purses with Steve Smith, Sandra Mastera and Howard Vogt. B’s, whicj was founded in 2004, has more than 3,00p distributors nationwide, and Anna William, which was establishee in 2003, has about 150, Henderson said.
Anna William distributors, who are locateed primarily in the northeasternUnited States, were informed of the purchasre Wednesday and given the opportunity to join the B’s distributor network, Henderson said. She added that owners of the two aftermultiple conversations, decided that the combination of the two businesses would be in the best interest of both parties. “Wse have completely different styles that complement each other very Henderson said.
“Our styles are more sassy and chic, and theire are more of a New England, preppy Henderson said that Anna William foundersaAnna William, Keek Bielby, Erin Hornyak, Rani Chaced and Kristen Lee will join B’d as designers and vice presidents. They will design a new line, B’sd Town and Country, which will be unveiled Sept. 1, Hendersonb said.
sábado, 11 de junio de 2011
Jeffersontown
younkinesagugad1746.blogspot.com
The foreclosure of the former Jeffersontown Clarionj Hotel and Convention Centerf is just one piece in the nationwide collapssof Atlanta-based Kronos Hotels LLC. With aboutr $9 million to be recovered, the hotel has the potentia to be one of the biggest foreclosures in Louisville inrecent history. But the court-orderes sale of the property, schedulexd for Aug. 4, is a relativeluy small part of the distressed properties that resulteds fromthe company’s buying sprees. In 2007 and Kronos purchased at leasr 24 hotels in at least seven statez through a numberof partnerships, including Portfolio-Louisville LLC, which owne hotels in Louisville and Atlanta.
In recentf months, the Royal Bank of Scotlande foreclosed on a numberof Kronos-related including the $8.7 million to be recovered for the Louisville according to court filings included in the Jefferson Circuit Cour foreclosure. The bank is owed: $2 million for a Holiday Inn Expresasin Dothan, Ala.; • $1.5 million for an InnPlacew Hotel in Dothan; • $2.1 million for a Supert 8 Augusta in Ga.; • $2.37 million for a Clarion Inn in Ga. A court in Macon, Ga., ordered a Ramada Plaza there to be sold at a June 2 foreclosurw auction after rulingagainst Portfolio-Maconn LLC, another Kronos affiliate, according to media reports.
In February, a courty in Cedar Rapids, Iowa, ruled against Portfolio-Cedar Rapidxs LLC, which owns the Crowne Plaza Five Seasons Hotell inCedar Rapids, according to media Portfolio-Cedar Rapids also is part of Kronos. In that the courts ruled thatthe LLC, has the right to recover $48.56 million, an amount which includeas the Crowne Plaza as well as threes hotels in Pennsylvania.
The foreclosure of the former Jeffersontown Clarionj Hotel and Convention Centerf is just one piece in the nationwide collapssof Atlanta-based Kronos Hotels LLC. With aboutr $9 million to be recovered, the hotel has the potentia to be one of the biggest foreclosures in Louisville inrecent history. But the court-orderes sale of the property, schedulexd for Aug. 4, is a relativeluy small part of the distressed properties that resulteds fromthe company’s buying sprees. In 2007 and Kronos purchased at leasr 24 hotels in at least seven statez through a numberof partnerships, including Portfolio-Louisville LLC, which owne hotels in Louisville and Atlanta.
In recentf months, the Royal Bank of Scotlande foreclosed on a numberof Kronos-related including the $8.7 million to be recovered for the Louisville according to court filings included in the Jefferson Circuit Cour foreclosure. The bank is owed: $2 million for a Holiday Inn Expresasin Dothan, Ala.; • $1.5 million for an InnPlacew Hotel in Dothan; • $2.1 million for a Supert 8 Augusta in Ga.; • $2.37 million for a Clarion Inn in Ga. A court in Macon, Ga., ordered a Ramada Plaza there to be sold at a June 2 foreclosurw auction after rulingagainst Portfolio-Maconn LLC, another Kronos affiliate, according to media reports.
In February, a courty in Cedar Rapids, Iowa, ruled against Portfolio-Cedar Rapidxs LLC, which owns the Crowne Plaza Five Seasons Hotell inCedar Rapids, according to media Portfolio-Cedar Rapids also is part of Kronos. In that the courts ruled thatthe LLC, has the right to recover $48.56 million, an amount which includeas the Crowne Plaza as well as threes hotels in Pennsylvania.
miércoles, 8 de junio de 2011
Police hunt for Texas tipster with story about bodies - Reuters
kapitonragomo.blogspot.com
CTV.ca | Police hunt for Texas tipster with story about bodies Reuters HOUSTON (Reuters) - Law enforcement officials in Liberty County, Texas, were hunting on Wednesday for a tipster who claimed to have psychic knowledge of a mass grave containing up to 30 bodies in a rural area. ... Texas mass grave hoax: Do police actu » |
lunes, 6 de junio de 2011
Battle brewing over AEP rate hike - Business First of Columbus:
inupujyfab1211.blogspot.com
Groups that include the and Office of theOhio Consumers’ Counsel are considerinvg a request for hearings before the PUCO to challenge parts of its AEP rate They are also considering an appeakl to the Ohio Supremd Court if they thinkm their concerns aren’t addressed by the “(The rate hikes) will have a dire effect on manufacturersx in AEP territory,” said Kevin Schmidt, director of publi c policy services for the 1,600-membefr manufacturers’ association.
“This forces our hand to see what we can IssuedMarch 18, the PUCO rulingv caps rate increases at 7 percenty this year and 6 percent each in 2010 and 2011 for commercial and residential customers of , the AEP businesd that services central and southerb Ohio. The caps for the company’w business, which supplies eastern and northwest Ohio with are 8 percent this 7 percent in 2010 and 8 percentfor 2011. AEP sough t 15 percent rate hikes in each of thethreer years. The PUCO-approved hike means an averag Columbus Southern residential customerpaying $99.5 2 a month will see monthlgy bills increase $6.97 this year, rise an additional $6.39 in 2010 and climbh an extra $6.
77 in 2011, accordin g to a calculation by Columbus-based AEP. The increases are expectedf to begin during the Aprilbillinbg period. But Ohio Consumers’ Counsep Janine Migden-Ostrander said the size of the rate hikeis “jusrt not right,” especially in lighgt of the financial pressures Ohioans are under in the depressee economy. “We think the rate increase is excessiverand burdensome,” she said.
Migden-Ostrandef isn’t ruling out an appeal to the state Supremse Court ifrelief won’t be provided during rehearings by the The Ohio Consumers’ Counsel has appealed 23 PUCO decisions to the state’sd highest court since Migden-Ostrandedr took charge of the office in 2004. Groupes with a stake in the AEP rate including thecompany itself, have 30 days from the PUCO’se ruling to seek a rehearing. The commission would have 30 days after that tomake changes, said Shana Eiselstein, a PUCO spokeswoman.
In makinbg its ruling, the commission said the rate increasw will provide an incentive for AEP to add programe to improve the reliability of its electric servicee and give customers tools to save onpower costs. Thosew efforts will include a stepped-up vegetation management progran along power linesand AEP’ws gridSmart program that allows customeras to control their electric bills through advanced The rate increase is roughly half of what AEP requested when it filedf its rate plan with the PUCO in It cited the need to keep pace with rising fuel prices, especially coal burner at its power plants, and othetr operating expenses.
Even with the increases, AEP will stillp have the lowest electricity rateein Ohio, the PUCO Yet that is little consolation to manufacturersd facing jumps in their electric bills at a time when they can’ft pass on the added expense to Schmidt said. “Our (members’) costs are too,” he said, “but they’re being forced to give price discounts. Their customers are saying, ‘We’r not buying from you unless you loweryour “The (PUCO) order is very Schmidt said, “especially when you considet today’s economic environment. Manufacturers are barelyu hanging on bya thread.
” Critics of the rate increasew are irritated that the PUCO made the rate hike retroactive to Jan. 1. They also don’tt like that the commission will allow AEP to defer the recoverty of costs exceeding the rate cap limits set for the nextthre years. Such costs, which might includd expenditures for coal and compliancwe with possible greenhouse gas emission could be recovered from rate payere from 2012through 2018.
Such provisions have businesses scrambling for answersz on how the AEP rate increases will affect them, said Sam Randazzo, a Columbuws attorney who represents Industrial Energy Users-Ohio, a coalitionn of about 50 industriall and commercial businesses that have opposed the AEP rate The size of the rate increasre was not a surprise, he said, sincs the PUCO staff had recommended 7 percent but approval of the deferred cost provision was unexpected. “It’z the unknowns and increases that can be deferreed that are harder to put boundaries Randazzo said.
“People are trying to figure out how much the hangover will He also said the ratesx AEP filed with the PUCO on Marcnh 23 appear to contain increases for larger electric customers that are highee than the percentage caps contained inthe PUCO’s That adds another question to the mix abouf the commission’s ruling. “The more we look into the thingas thePUCO did, the less sense it Randazzo said. Parts of the PUCO rulingf did not sit wellwith AEP.
A statemenrt on the company’s Web site said the commission’ss decision to moderate the impacyt of rate increases on consumerw means theruling “does not provides the cash flow necessary to deal with the significany increases related to fuel and environmentap costs as we incur them.” Instead, that moneyy will need to be collected over an extended the company said. “Th fact our rates will be so much lower than what our detailer analysis shows is necessary to fund operations is ofparticulae concern,” the statement said. Still, AEP was encouraged the PUCO ruling supports its proposed vegetation managementr andgridSmart programs.
“It has its pros and AEP-Ohio spokeswoman Terri Flora said ofthe PUCO’s “We need to work with the commission to see where they are coming from.” The company’es options at this point, she said, are to accept the commission’s decision, appeal it through file another electric service plan or pursue a market rate optio allowed under a comprehensive energyt law passed by the General Assembly last The law provides for a system in which ratez are set by the PUCO through electridc service plans like the one filed by AEP. It also outlinex a path for electric utilities topursue market-baseds pricing.
Groups that include the and Office of theOhio Consumers’ Counsel are considerinvg a request for hearings before the PUCO to challenge parts of its AEP rate They are also considering an appeakl to the Ohio Supremd Court if they thinkm their concerns aren’t addressed by the “(The rate hikes) will have a dire effect on manufacturersx in AEP territory,” said Kevin Schmidt, director of publi c policy services for the 1,600-membefr manufacturers’ association.
“This forces our hand to see what we can IssuedMarch 18, the PUCO rulingv caps rate increases at 7 percenty this year and 6 percent each in 2010 and 2011 for commercial and residential customers of , the AEP businesd that services central and southerb Ohio. The caps for the company’w business, which supplies eastern and northwest Ohio with are 8 percent this 7 percent in 2010 and 8 percentfor 2011. AEP sough t 15 percent rate hikes in each of thethreer years. The PUCO-approved hike means an averag Columbus Southern residential customerpaying $99.5 2 a month will see monthlgy bills increase $6.97 this year, rise an additional $6.39 in 2010 and climbh an extra $6.
77 in 2011, accordin g to a calculation by Columbus-based AEP. The increases are expectedf to begin during the Aprilbillinbg period. But Ohio Consumers’ Counsep Janine Migden-Ostrander said the size of the rate hikeis “jusrt not right,” especially in lighgt of the financial pressures Ohioans are under in the depressee economy. “We think the rate increase is excessiverand burdensome,” she said.
Migden-Ostrandef isn’t ruling out an appeal to the state Supremse Court ifrelief won’t be provided during rehearings by the The Ohio Consumers’ Counsel has appealed 23 PUCO decisions to the state’sd highest court since Migden-Ostrandedr took charge of the office in 2004. Groupes with a stake in the AEP rate including thecompany itself, have 30 days from the PUCO’se ruling to seek a rehearing. The commission would have 30 days after that tomake changes, said Shana Eiselstein, a PUCO spokeswoman.
In makinbg its ruling, the commission said the rate increasw will provide an incentive for AEP to add programe to improve the reliability of its electric servicee and give customers tools to save onpower costs. Thosew efforts will include a stepped-up vegetation management progran along power linesand AEP’ws gridSmart program that allows customeras to control their electric bills through advanced The rate increase is roughly half of what AEP requested when it filedf its rate plan with the PUCO in It cited the need to keep pace with rising fuel prices, especially coal burner at its power plants, and othetr operating expenses.
Even with the increases, AEP will stillp have the lowest electricity rateein Ohio, the PUCO Yet that is little consolation to manufacturersd facing jumps in their electric bills at a time when they can’ft pass on the added expense to Schmidt said. “Our (members’) costs are too,” he said, “but they’re being forced to give price discounts. Their customers are saying, ‘We’r not buying from you unless you loweryour “The (PUCO) order is very Schmidt said, “especially when you considet today’s economic environment. Manufacturers are barelyu hanging on bya thread.
” Critics of the rate increasew are irritated that the PUCO made the rate hike retroactive to Jan. 1. They also don’tt like that the commission will allow AEP to defer the recoverty of costs exceeding the rate cap limits set for the nextthre years. Such costs, which might includd expenditures for coal and compliancwe with possible greenhouse gas emission could be recovered from rate payere from 2012through 2018.
Such provisions have businesses scrambling for answersz on how the AEP rate increases will affect them, said Sam Randazzo, a Columbuws attorney who represents Industrial Energy Users-Ohio, a coalitionn of about 50 industriall and commercial businesses that have opposed the AEP rate The size of the rate increasre was not a surprise, he said, sincs the PUCO staff had recommended 7 percent but approval of the deferred cost provision was unexpected. “It’z the unknowns and increases that can be deferreed that are harder to put boundaries Randazzo said.
“People are trying to figure out how much the hangover will He also said the ratesx AEP filed with the PUCO on Marcnh 23 appear to contain increases for larger electric customers that are highee than the percentage caps contained inthe PUCO’s That adds another question to the mix abouf the commission’s ruling. “The more we look into the thingas thePUCO did, the less sense it Randazzo said. Parts of the PUCO rulingf did not sit wellwith AEP.
A statemenrt on the company’s Web site said the commission’ss decision to moderate the impacyt of rate increases on consumerw means theruling “does not provides the cash flow necessary to deal with the significany increases related to fuel and environmentap costs as we incur them.” Instead, that moneyy will need to be collected over an extended the company said. “Th fact our rates will be so much lower than what our detailer analysis shows is necessary to fund operations is ofparticulae concern,” the statement said. Still, AEP was encouraged the PUCO ruling supports its proposed vegetation managementr andgridSmart programs.
“It has its pros and AEP-Ohio spokeswoman Terri Flora said ofthe PUCO’s “We need to work with the commission to see where they are coming from.” The company’es options at this point, she said, are to accept the commission’s decision, appeal it through file another electric service plan or pursue a market rate optio allowed under a comprehensive energyt law passed by the General Assembly last The law provides for a system in which ratez are set by the PUCO through electridc service plans like the one filed by AEP. It also outlinex a path for electric utilities topursue market-baseds pricing.
sábado, 4 de junio de 2011
Travel + Leisure lauds Denver
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Travel + Leisure’s annuaol poll is determined by reader inputon cruises, airlines, travel companies and top cities to Top winners this year included Udaipur, as the world’s top city and the Bushmanse Kloof in the Cedar Mountains of South Africs as the world’s best hotel. Denver’se is the only Colorado facility to be named as oneof America’sw top 50 large city hotels, a designatioj reserved for hotels with at least 100 rooms. The hotel at 1100 14th Street was listedat No. 46. Hotelo Teatro General Manager David Craig said he was very proud of the honofr bestowed uponhis 110-room luxury hotel that includex Restaurant Kevin Taylor.
What set this award apart from othera it has won was thejudging panel, he “Ultimately, the thing that makes me feel the best is it comee from reader polls. So it comes from our and those are the people we are trying to impressdthe most,” Craig said Monday. Meanwhile, a half-dozeh Colorado resorts, most located in ski were listed among the top 50 resorts inthe U.S. and Those are: Ritz-Carlton Bachelor Gulchb in BeaverCreek (No. 8), Little Nell in Aspen (No. 9), St. Regixs Resort in Aspen (No. 24), Sonnenalpp Resort of Vail (No. 28), The Broadmoort in Colorado Springs (No. 31), and Park Hyat Beaver Creek Resort andSpa (No. 39).
, whicnh is based in Denver, also received a citation, beinv listed eighth among the top 10 domestic down two spots from 2008 inthe magazine’as rankings. Virgin America claimed the top of the listin 2009. “Certainlg we are pleased to be recognized on a national scalelike this,” Frontier corporatd communications director Steve Snyder said. “We have worked extremelyg hard over the last year to make sure our customers havea high-quality, affordable product and a clear choicw in what their travel experience looks like.” The magazine’sw awards issue is slated to hit newsstandsd on July 24.
Travel + Leisure’s annuaol poll is determined by reader inputon cruises, airlines, travel companies and top cities to Top winners this year included Udaipur, as the world’s top city and the Bushmanse Kloof in the Cedar Mountains of South Africs as the world’s best hotel. Denver’se is the only Colorado facility to be named as oneof America’sw top 50 large city hotels, a designatioj reserved for hotels with at least 100 rooms. The hotel at 1100 14th Street was listedat No. 46. Hotelo Teatro General Manager David Craig said he was very proud of the honofr bestowed uponhis 110-room luxury hotel that includex Restaurant Kevin Taylor.
What set this award apart from othera it has won was thejudging panel, he “Ultimately, the thing that makes me feel the best is it comee from reader polls. So it comes from our and those are the people we are trying to impressdthe most,” Craig said Monday. Meanwhile, a half-dozeh Colorado resorts, most located in ski were listed among the top 50 resorts inthe U.S. and Those are: Ritz-Carlton Bachelor Gulchb in BeaverCreek (No. 8), Little Nell in Aspen (No. 9), St. Regixs Resort in Aspen (No. 24), Sonnenalpp Resort of Vail (No. 28), The Broadmoort in Colorado Springs (No. 31), and Park Hyat Beaver Creek Resort andSpa (No. 39).
, whicnh is based in Denver, also received a citation, beinv listed eighth among the top 10 domestic down two spots from 2008 inthe magazine’as rankings. Virgin America claimed the top of the listin 2009. “Certainlg we are pleased to be recognized on a national scalelike this,” Frontier corporatd communications director Steve Snyder said. “We have worked extremelyg hard over the last year to make sure our customers havea high-quality, affordable product and a clear choicw in what their travel experience looks like.” The magazine’sw awards issue is slated to hit newsstandsd on July 24.
miércoles, 1 de junio de 2011
GSI details job cuts, likely $230M hit - Boston Business Journal:
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The disclosures were made in a regulatory filing Wednesday. In Bedford, Mass.-based GSI said it is still analyzin the results from an internal probe into past accounting errors that have forced the companyu to retract financial filings made in 2006througb 2008. GSI said it is nearing a pointy when it can restate those results and submit to regulators results from its fiscal first quartere endedApril 3. Nonetheless, the company said its filing delaysa have prompted a delisting notice from the and triggeredc negotiations with creditors to restructureits debt.
In Wednesday’se filing, GSI said a decline in bookingse in the fourth and firsty quarters forced it to restructure its operationws and shave millions in costs from its The company cut 158 workers in the first quarter and another 16 employees in Those changes will result inroughly $9 million in annuall savings, the company said. GSI (Nasdaq: GSI) also said it has the corporate headquarters of andintegratedc Excel’s scanning operations in Eastern resulting in more cost savings. GSI acquired formerly based inNew York, for $360 million in 2008.
The disclosures were made in a regulatory filing Wednesday. In Bedford, Mass.-based GSI said it is still analyzin the results from an internal probe into past accounting errors that have forced the companyu to retract financial filings made in 2006througb 2008. GSI said it is nearing a pointy when it can restate those results and submit to regulators results from its fiscal first quartere endedApril 3. Nonetheless, the company said its filing delaysa have prompted a delisting notice from the and triggeredc negotiations with creditors to restructureits debt.
In Wednesday’se filing, GSI said a decline in bookingse in the fourth and firsty quarters forced it to restructure its operationws and shave millions in costs from its The company cut 158 workers in the first quarter and another 16 employees in Those changes will result inroughly $9 million in annuall savings, the company said. GSI (Nasdaq: GSI) also said it has the corporate headquarters of andintegratedc Excel’s scanning operations in Eastern resulting in more cost savings. GSI acquired formerly based inNew York, for $360 million in 2008.
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