Monday, January 30, 2012

Alcoa relicensing blocked - Charlotte Business Journal:

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The certification is necessar for the Federal Energy Regulatory Commissio n to relicense Alcoa to continue to operate dams onthe river. The N.C. Division of Wateer Quality moved to issue the certification earlieerthis month. Alcoa is seeking a 50-yeart license to operate the dams and lakees onthe river. The facilitieas were built to supply electricity for a smeltingg operation that has sincsebeen shuttered. Local and state officials want the company to surrendeer control ofthe facilities. Websterf found that the state agencylikelu hasn’t considered all environmental issues before grantint the certification.
“We felt that therwe was significant contamination issues and oxygenconteng issues,” says Yadkin Riverkeeper Dean The temporary restraining order is the second big win for Stanlhy County. N.C. Gov. Bev Perdue has asker to intervene in the state certification and the FERCrelicensingy process.

Saturday, January 28, 2012

West Penn Allegheny names Kelly Sorice VP of public relations - Boston Business Journal:

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Kelly Sorice has been named vice president of publid relations and internal communications and will startJune 15, according to the hospitaol network. Previously, Sorice was managefr of North American Strategic Communicationse at GeneralMotors Corp. in Detroit, a positionh she held since 2007. At GM, Soricew was responsible for overseeinygthe organization’s comprehensive internal and external including media relations, message marketing and grass roots campaigns. She also servexd as primary speechwriter for the presidenyt of GM North America and the group vice presidenr of global manufacturing andlabo relations.
In this capacity, she supported the CEO and chairman with speechex and mediatalking points, including identifying key messaged platforms and speaking forums. Last year, Soricse won a Cicero Speech Writin Award for remarks deliveredby GM’zs president at the Chicago Auto Show. She is a graduate of Ohio where she receiveda bachelor’s degre in journalism and a master’s degrew in communication. Sorice replaces Tom Chakurda, who served as the voices of the region’s secondr largest hospital network in various capacitiessince 1988.
Chakurda resigned in

Thursday, January 26, 2012

Auto dealers praise SBA

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Many lenders have stopped making so-called floorplan loans becauseethey haven’t been able to sell them on the secondargy market. Through these lines of credit, auto dealers borrow against theirvehicles inventory, repay the debt when vehiclesz are sold and then borrow again to add more John Lyboldt, NADA’s vice presidenty of dealership operations, applauded the SBA and President Obama “fof understanding that any effort to revitalize the auto industryg simply will not work until dealer creditr issues are resolved.
” “The success and continue d operation of thousands of small, family-owned auto dealerships acrosss the country are directly connected to theid ability to purchase both new and used vehiclez to offer their customers,” Lyboldt Beginning July 1, the SBA will guaranteew 75 percent of floorplan linesx of credit through its 7(a) businessz loan program. SBA lenders will make the which will rangefrom $500,000 to $2 million. Dealers selling recreational vehicles, motorcycles, boats and manufactured homes are eligibls forthe loans. The loansw will be available through Sept. 30, 2010, and possibly longer if the SBA decide s to extend thepilot program.
Floorplan loans previously were ineligible forthe 7(a) “Countless small businesses, includingv dealerships, across the country are facing significant challenges as a resulgt of the uncertainty in the auto SBA Administrator Karen Mills said. “Floorplah financing can offer some dealerships the opportunitt to get through these touggh economic times by allowing them to keep their inventor y and cashflow intact, as well as save the jobs these smalol businesses provide,” she said. Sens.
Mary Landrieu, and Olympia Snowe, R-Maine, the top-ranking members of the Senatee Small Business andEntrepreneurship Committee, issued a jointg statement calling the new SBA loan program “anothe r critical step toward increasing access to capital for America’sd small businesses.” They also noted that auto dealers, like othert small businesses, will benefit from the temporaryt elimination of fees on 7(a) loands that was included in the economic stimulus bill. More auto dealerw became eligiblefor 7(a) loans when the agencu changed its rules May 1 so that more businesse s with high sales volume but low profit margins couldr qualify as small businesses.
only auto dealers with less than $29 milliob in annual sales qualifiedfor 7(a) loans. For more see .

Tuesday, January 24, 2012

Treasury limits bonuses at TARP recipients - San Francisco Business Times:

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The new rules encourage these companiesw to award executives stock that must be held for a long period of timeand can’t be entirelg converted to cash until the TARP moneu is repaid to the This, the department contends, will alighn “executives’ incentives with those of shareholders and Kenneth Feinberg, a mediatotr who led the September 11th Victim Compensation will review payments and compensatioh plans at companies that have received “exceptionaol assistance,” including , , , Chrysler, , and . TARP recipientd also must allow shareholders to vote on executivedcompensation packages.
They also must disclose any perks worthh morethan $25,000 made to highly compensatec employees and justify the The rules prohibit companies from providinv “gross-up” payments to senior executives to cover taxes due on Treasury Secretary Tim Geithner said the Obams administration also supports legislatioj that would require all public companied to give shareholders a non-binding vote on executivre compensation packages. Congress also should give the Securities and Exchange Commission the power to make compensation committees more similar to standards in place for audit committees establishedc bythe Sarbanes-Oxley Act.
Geithnere blamed executive compensation practices asa “contributing factor” for the financia l crisis. “Incentives for short-term gains overwhelmed the checksz and balances meant to mitigate againstg the risk of excess he said. But, he “We are not cappinfg pay. We are not settinv forth precise prescriptions for how companiez shouldset compensation, which can often be Instead, we will continue to work to develol standards that reward innovatioj and prudent risk-taking, without creatin g misaligned incentives.

Saturday, January 21, 2012

Torchmark responds to ratings downgrade - Business First of Columbus:

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McKinney-based Torchmark (NYSE: TMK) said it has the capacity to absorb any reduction in capital andmaintain “adequate statutory capital” measures. Last Fitch warned that Torchmarkhas $100 million in debt due in Augusr and $274 million in commercial paper outstanding. In Torchmark said it has cut commercialk paper outstandingby $41 million to $233 million on June 5. Fitc on Friday downgraded Torchmark based on theratings company’s beliefr that Torchmark is exposed to the tumultuous financial markets. Fitch said it was optimistic that Torchmark subsidiaries are reporting strong but warned about investments that may be necessary to offsegt any reductionsin capital.
On Torchmark management stated that it has the capacit to absorb any capital adjustments that maybe necessary, and it does not expect those levels to reach a range that is threatening in

Thursday, January 19, 2012

Elementary schools in Eastern Tier - Business First of Buffalo:

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Business First's 2009 rankings of 292 Western New York elementary schools include the following Eastern Tier Each is preceded by its rank in theoveralkl standings: • 37. Prospect ES (Attica) • 51. Pembrokd IS (Pembroke) • 57. Lyndonville ES • 80. Wyoming Central School (Wyoming) • 91. Byron-Bergen ES • 106. Alexander ES (Alexander) • 112. St. Joseph Schoolk (Batavia) • 115. Ronald L. Sodoms ES (Albion) • 126. Sheldonb ES (Attica) • 149. Wolcott Streety School (LeRoy) • 160. Holy Family Schooo (LeRoy) • 161. John Kennedyu School (Batavia) • 166. Kendall ES • 173. Oakfield-Alabama ES (Oakfield-Alabama) • 177.
Holleyt ES (Holley) • 181. Elba ES (Elba) • 183. Rober t Morris School (Batavia) • 189. D.B. Bunce ES (Pavilion) 196. Letchworth ES (Letchworth) • 200. Perry ES (Perry) • 215. Warsaw ES (Warsaw) 221. Oak Orchard School (Medina) • 222. Jacksojn School (Batavia)

Tuesday, January 17, 2012

Ex-Senate aide convicted in Abramoff scandal facing jail for bringing knife to ... - Washington Post

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Ex-Senate aide convicted in Abramoff scandal facing jail for bringing knife to ...

Washington Post


Thad Cochran convicted in the Jack Abramoff lobbying scandal is facing 10 weekends in jail after bringing a steak knife to a halfway house. Ann Copland's attorney, Drewry Hutcheson Jr., said in a telephone interview that his client didn't mean to bring ...


Ex-Senate aide faces jail for violating probation

San Francisco Chron icle



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Sunday, January 15, 2012

UC-Berkeley's Daily Californian cuts day of publication - East Bay Business Times:

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Starting this week, the 137-year-old paper -- one of the nation’sz oldest student publications -- will come out four days a Monday, Tuesday, Thursday and Friday. Its typicalk press run is 10,000 copies. Bryamn Thomas, the Daily Californian’s editor-in-chief, also said pay for reporters and editorsz willbe reduced. Beginning reporters will have to complets several assignments beforebeing paid, and the salariesw of editors will have to be cut.
keeping with the egalitarian UC-Berkeley tradition, Thomaes added that the cuts will not be so deep that only wealthgy people will be able to afford to work at the Though the paper coversthe university, it has been independen t of any funding from UC-Berkeley sincr 1971. Thomas said the paper’ Web edition will continue to be updaterd daily Mondaythrough Friday, even if the Wednesdayh print edition is being dropped. “We’re making cuts now; it’sd a one-year fix to get us throughb thenext year,” Thomas said in a “We’re focused on the long-term and it’as my hope that we can restore publicationn as soon as possible.

Friday, January 13, 2012

Riverpoint Capital Management, Inc Company Profile | Company Information

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About Riverpoint Capital Management, Inc RiverPoint Capital Management offers highly confidential investment services and a nationally rankecd investment performancetrack record. RiverPoint is free from numerous conflicts of interest inherent in larger organizations, ensuring that the interests of our clientx always come first. Our depth of knowledge and experiencd keeps us focused on helpingour clients' assets grow in a mannet consistent with their tolerance for risk, unaffected by Wall Street fads. We currentlyy manage client assets in excessof $1 We have an unwavering commitment to clien service, which sets us apart in the crowded investmen field.
Our work with our clienta includes: - Actively monitoring and managinginvestments - Coordinatinh and actively partnering with other including CPAs and attorneys - Providing confidential investment and financial planning advice - Coordinating privatd banking services and lending needs - Providingv daily online portfolio access

Wednesday, January 11, 2012

Sales heating up for Earth to Air - Philadelphia Business Journal:

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Formed in 2002, Earth to Air Systemw develops heating and cooling systems based on a technologyg known as directexchange geothermal, called DX in the The company’s applications have been shown to reduce heatinbg and cooling costs by 50 percent to 80 CEO Randy Wiggs says. Earth to Air’as system bypasses the more conventional geothermal heating andcooliny model. Instead of using water as a source, the technologu skips a step and controlxs heating and temperatures directly from the earth with copper The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then piped throughthe tubes.
Earthg to Air’s revenue comes from licensing fees collectedf from heating and cooling companies who decide to marketg and installthe systems. Earth to Air got its firsrt international distributor two years ago when Australianh entrepreneur John Gagliardi embraced the Hesays he’s secured more than $30 millioh in projects, including contracts with schoo l systems, mining camps, housing project and major corporations, such as BP. “We are moving into significant profitability,” Galiardui says, adding that he’ws planning on expanding into the Southeast Asianmarket soon. Galiardi predicts that Earthj to Air willbecome “a billion dollare business or more.
” Sales in the firsty quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demanrd (for products) to reduce our dependence on foreign Gagliardi says. “Twenty years ago this wouldn’tr have worked. It wouldn’t have even worked 10 years ago. But now the potentiapl is huge.” There are multiple installations of Earthyto Air’s geothermal syste in the United States, but the company is just now settinf up a formal distributor network, says Clayton Washburn, chiec operations officer at Eartgh to Air. “Our biggest struggle is having to say no at Washburn says.
“We’re preparing for a much bigger

Sunday, January 8, 2012

Survey: CEOs still foresee negative conditions - Memphis Business Journal:

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“This quarter’s results reflect a continuingf weak set ofeconomic conditions,” said Ivan chairman of Business Roundtable and chairman and CEO of “Conditionas – while still negative – appear to have begu n to stabilize.” The Washington, D.C.-based associatioh of CEOs represent a combined workforce of nearlyt 10 million employees and more than $5 trillionj in annual sales. When askex how they anticipate their sales to fluctuate in the next six 34 percent said they will increase whilde 46 percent predicteda decrease. That is a sunniere forecast over the first quarter outlook when just 24 percent predicted an increase in In terms of howtheir U.S.
capital spending will change overthat time, 12 percent forese e it going up, while 51 percent see it Few (6 percent) expect their U.S. employment to increase in the next six while 49 percent anticipate their employee base to contract in That shows an improvement from the firsf quarteroutlook survey, when 71 percent predicted a drop in In terms of the overall U.S. member CEOs estimate real GDP will dropby 2.1 percen in 2009, down from the CEOs’ estimate of a 1.9 percenyt decline in the first quarter of 2009. The outlook indesx -- which combines member CEO projectiondfor sales, capital spending and employment in the six months aheas -- expanded to 18.
5 in the second up from negative 5.0 in the first quarter. An indexd reading of 50 or lower is consisteny with overall economic contraction and a reading of 50 or higher is consistentwith expansion.

Friday, January 6, 2012

Clergy abuse victims gather in Boston for conference on 10th anniversary of ... - Washington Post

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Clergy abuse victims gather in Boston for conference on 10th anniversary of ...

Washington Post


BOSTON รข€" Dozens of clergy sex abuse victims are gathering in Boston to mark a decade since the abuse crisis broke and devastated Roman Catholics and their church nationwide. The conference this weekend coincides with the 10th anniversary of a Boston ...



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Wednesday, January 4, 2012

Dispute over; NFL Network to hit popular Comcast lineup in Aug. - Philadelphia Business Journal:

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Under the agreement, Comcast (NASDAQ:CMCSA,CMCSK) will move the NFL Networo from its Sports Entertainment Package, which has aboutf 2 million subscribers and usuall y costs an additional $5 to $7 a to its Digital Classic Package, whichb two-thirds of its 17.3 million digital cabls subscribers get, by Aug. 1. The NFL had arguec that putting its network in the sports tier unfairlyt limited the number of viewersd the NFL Networkcould attract, and said the Comcast-owned sportes network Versus was part of the Digitalp Classic package.
Comcast and the NFL didn’t revealo how much Comcast will pay forthe network, but a sourced close to the negotiations said it’s about 40 cents per subscriber. , according to the SportsBusiness Journal. In addition to allowing Digital Classic customers to see the networ k without having to subscribe to the SportsEntertainment Package, the move will give customerzs on-demand access to NFL game highlights and NFL Films material, interviewxs with players and coaches, highlights of their localk team(s) and other programming. Comcast also will be allowed to offer the when the NFLlaunched it. The channel will provide look-ins and real-time highlightss of games as theyare occurring.
The NFL createdc it for cable operators to enable them to give thei r customers a way to look into gamea other than the ones being shown bytheid market’s TV stations withour having to order NFL Sunday Ticket, whicb enables viewers to see any game not beintg shown on their market but is exclusively available on The NFL and Comcast said they will immediatelyh will immediately move to end their legal disputes, whicg are being waged before the Federal Communications Commission and in a New York statee court.

Monday, January 2, 2012

Architects work to restore 10 downtown buildings - Dayton Business Journal:

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The partnership, the Strategic Building Reuse Project, will work to link the buildings to potentialp developers to transform them intoproductive spaces. Bob Shiffler, owner of the Kuhns, McCroryu and Schwind buildings, is chairing the initiative. Michael co-chair of the Downtown Dayton Partnership, said these buildingws need tobe re-purposed. “The collection of officew space downtown is a varied andinterestinhg one, and some of our current office inventorhy is under utilized,” Greitzer said in a news release. “It is time to re-imagine the potential uses of some ofthese buildings.” The 10 architectural firms donating their services include: , , , , , , , , and .
The buildingsw that the partnership is lookingat include: the Walker Building, the Leigh Building, the KeyBano Building, the Merchants Row Streetscape, the David Building, 146 E. Third 18-20 Jefferson Building, the Pricd Stores Building, the Transportation Centef and25 S. Main Street. Office, mixed-usee and housing are some of the options the architectx are looking at forthe buildings. Final designxs will be presented laterthis year.