bestimmung-amendments.blogspot.com
Its 10-year forecast for the business jet marketpredictws 11,500 deliveries from 2009 to 2018, which represents $256 billion in worldwide revenues. The companhy also forecasts 12,400 deliveries in the 20-to-149 seat commerciak market over the next20 years. From 2009 to Bombardier predicts this market to beworth $589 “The financial turbulence being felt arounrd the globe has placed a significant focus on the challengesx facing the aviation industry, particularly withibn the business jet sector,” Mairead Lavery said in a Lavery, vice president of strategy and business developmen for Bombardier, believes the immediatde future of the industry will remain volatile.
But he said the long-termk future still holds plenty of opportunity foraircraft “As the world beginsx to emerge from this economic demand should gradually return and future prospects remain he said.
Monday, February 28, 2011
Saturday, February 26, 2011
Mintz Levin names Susan Berson chair of Israel business practice group - Washington Business Journal:
zant-damaging.blogspot.com
The group was previously chaired byKenneth Novack. According to the Novack will remain activee in thepractice group. Berson is also a member in the firm'es health law practice and managing member ofthe firm’ds D.C. office. “Susan has the energuy and talent to build upon the strong foundation ofthe firm’s Israel busines practice,” said Andrew Urban, managinb member of Mintz Levin. “With Ken’s continued guidance and the strong relationships the firm has establishedf in Israel with the assistance of Yael the managing director ofthe [Israel business practice group], we believer that this will be an area of continued growth for the firm.
” Mintz Levin launched its dedicated Israepl business practice in 2006. The firm currently advisesz more than 100 clients who have tiesto Israel, includinhg Israeli companies operating in the U.S. and domesticd companies with Israel-related transactions.
The group was previously chaired byKenneth Novack. According to the Novack will remain activee in thepractice group. Berson is also a member in the firm'es health law practice and managing member ofthe firm’ds D.C. office. “Susan has the energuy and talent to build upon the strong foundation ofthe firm’s Israel busines practice,” said Andrew Urban, managinb member of Mintz Levin. “With Ken’s continued guidance and the strong relationships the firm has establishedf in Israel with the assistance of Yael the managing director ofthe [Israel business practice group], we believer that this will be an area of continued growth for the firm.
” Mintz Levin launched its dedicated Israepl business practice in 2006. The firm currently advisesz more than 100 clients who have tiesto Israel, includinhg Israeli companies operating in the U.S. and domesticd companies with Israel-related transactions.
Wednesday, February 23, 2011
The creepy but much-loved Mtter Museum is evolving - Philadelphia Business Journal:
http://executivetelephony.com/news/article.php?id=93
— which features a collection of skeletons, petrified bodies and other medicaooddities — is respondingt to increased visitorship and interest, said Brandon administrative coordinator/designer at the Mütter. It is the museum’se first major renovation since 1986. Five major exhibitions will be installefor updated. The new exhibits will open in though the museum remains open duringthe work. “It’x the first in a long line of what we hope will be new Zimmerman said. The Mütter which was founded in 1849 and is names forbenefactor Dr. Thomas Dent Mütter, is part of the , whichu is at 19 S. 22nd St.
The Mütted Museum has found a passionate It has been the subject of at least two It has been written up in travel Itslate director, Gretchen Worden, was featured on showsd ranging from “Late Night with David to “Fresh Air” with Terrg Gross. It has entries on YouTube, RoadsideAmerica.com and Weird U.S. Last 100,000 people visited the up from 60,000 as recently as thre e years ago and about 10 times the numbef from adecade ago. “The Mütter has really changedx as faras visitorship. Ten years ago the college was thinkin of shuttingit down. It was originally for people in themedicalk profession.
Now we have school children, medical students and the general said Zimmerman, who has been therer nearly four years. To reflect the changing visitorship, the museum is offerinhg five new exhibits, focusing on: The assassinatiob of Abraham Lincoln, including the display of a sectiom of assassin JohnWilkews Booth’s thorax that came from his autopsy. An updatw of its long-running exhibition, including a cancerous growth from PresidentGrover “Making Skeletons Speak,” an exhibit focusing on the “biological or more commonly “CSI,” which will display skeletalk remains and show how investigators determine the causew of death.
A displa of a dozen shrunken heads, from the museum’ss collection as well as other museums andprivatwe collections. A collection of temporal earbones extractedby Dr. Adam Pulitzef once displayed at Philadelphia’s Centennial Exhibition, in 1876, as presentecd in their original glass jars anddisplayt cases. Zimmerman said the new exhibits aremore “stor y focused,” and less reliant on text. They will also furthert explore areas that other museumws shyaway from. “A lot of museums are hesitantf to put outhuman remains,” he said. “That’s not really an issus for us. That’s who we are.
”
— which features a collection of skeletons, petrified bodies and other medicaooddities — is respondingt to increased visitorship and interest, said Brandon administrative coordinator/designer at the Mütter. It is the museum’se first major renovation since 1986. Five major exhibitions will be installefor updated. The new exhibits will open in though the museum remains open duringthe work. “It’x the first in a long line of what we hope will be new Zimmerman said. The Mütter which was founded in 1849 and is names forbenefactor Dr. Thomas Dent Mütter, is part of the , whichu is at 19 S. 22nd St.
The Mütted Museum has found a passionate It has been the subject of at least two It has been written up in travel Itslate director, Gretchen Worden, was featured on showsd ranging from “Late Night with David to “Fresh Air” with Terrg Gross. It has entries on YouTube, RoadsideAmerica.com and Weird U.S. Last 100,000 people visited the up from 60,000 as recently as thre e years ago and about 10 times the numbef from adecade ago. “The Mütter has really changedx as faras visitorship. Ten years ago the college was thinkin of shuttingit down. It was originally for people in themedicalk profession.
Now we have school children, medical students and the general said Zimmerman, who has been therer nearly four years. To reflect the changing visitorship, the museum is offerinhg five new exhibits, focusing on: The assassinatiob of Abraham Lincoln, including the display of a sectiom of assassin JohnWilkews Booth’s thorax that came from his autopsy. An updatw of its long-running exhibition, including a cancerous growth from PresidentGrover “Making Skeletons Speak,” an exhibit focusing on the “biological or more commonly “CSI,” which will display skeletalk remains and show how investigators determine the causew of death.
A displa of a dozen shrunken heads, from the museum’ss collection as well as other museums andprivatwe collections. A collection of temporal earbones extractedby Dr. Adam Pulitzef once displayed at Philadelphia’s Centennial Exhibition, in 1876, as presentecd in their original glass jars anddisplayt cases. Zimmerman said the new exhibits aremore “stor y focused,” and less reliant on text. They will also furthert explore areas that other museumws shyaway from. “A lot of museums are hesitantf to put outhuman remains,” he said. “That’s not really an issus for us. That’s who we are.
”
Monday, February 21, 2011
Automaker bankruptcies may cause land pileup - Orlando Business Journal:
steel roof tiles
It’s the probability of more land comingf online inan already-saturated real estate markeft that has brokers most concerned. The reason: With each dealership averaging about9 acres, an estimates 30,000 acres could be dumped on the market nationwide over the next two yearsd if the 3,430 dealers liquidate their real estate sources said. Locally, dealershil land currently listed rangesfrom $468,933 to $593,06 per acre.
“Debt will need to be addressesd and mortgages paid off as part of the said attorneySteve Snively, a partner in the firm’s Orlando office who is not involveed in any deals related to the two “As it all winds down, all those coulf have something to do with issues of dealingy with payment of Auburn Hills, Mich.-based Chrysler, which filed for Chapter 11 bankruptcyy protection April 30, plans to trim seven Centra Florida dealerships and 789 nationwide by June 9.
Detroit-based GM, whichg filed for Chapter 11 bankruptct onJune 1, plans to cut its dealershio ranks from 6,246 to 3,605r by October 2010, according to a document posted on its Web Although GM didn’t make public a list of the longtime Central Florida mainstays and are among those slatec to stop selling new Chevys, media reports Roger Holler III, vice president of the , said in a statementg that the company will continue to sell Chevrolets, issu warranties and provide service. “We’v e been here for more than 70 yearsand we’llp be here for another 70 he said in the statement.
Local real estate experts believe the family will find other uses for thetwo “Some of this is really trophy said Bill Parke, director of industrial servicez for Colliers Arnold Commercial in Orlando, who also specializes in auto “The Holler people have a real eye for real estate.” The Holler-Classicd group has another six Central Floridsa dealerships with the Audi, Hummer, Mazda and Hyundaj brands, as well as two Honda dealerships. Some dealers alreadyt have plans in place to continue operating. For instance, , a Chrysler dealer slated to stop selling new Jeep vehicleasthis month, will continue pushing its Suzuki brand along with pre-ownedd vehicles.
General Manager Buddy Vickers — whose Jimmie Vickers, started the dealership in the1970se — said the family also will keep their servicee department active. “The most bitter part to this whole thinf isthat we’ve been a Jeep dealer for a long time,” he “We’ve really been loyal to the brand.” And Alan Starling, who owns Chevroleyt dealerships in DeLand and St. Cloud not on the trim said he expects to go forward with plans to buy a thirde undisclosed Chevrolet dealership once all the bankruptcy falloutgis over. In April, Starling sold a Chryslee dealershipfor $5.6 million to the Osceola County Sherriff’ss Office.
He had resignerd his franchise agreement with Chryslerin February, he “GM has always said at least 50 percent of theit sales are made up from Chevrolet he said. “That’s probablt the brand that will survive.” Meanwhile, Starling said the future of his vacantt Saturn dealership in Panama City is GM wants to sellthe brand. “They haven’t been very but I think they know there’s a he said. Starling said he has receivesd four calls from competing automakers interested in having him sign on for one of theifr brands inthat space.
The real estate expected to come onlin e may create other opportunities for For example, Colliers formed , a nationak group that includes an Orlandpo operation to market auto lots. CB Richard Ellis createf a national , and the Orlando officse plans to name someon e to headlocal efforts. Auto dealerships are typically primse realestate sites, with great visibility, good signage rights and property well-suited to brokers said. “In the long-term, these tracts will be more attractive,” Snively “It’s easier to redevelop it than if we had an existinhgshopping center.
”
It’s the probability of more land comingf online inan already-saturated real estate markeft that has brokers most concerned. The reason: With each dealership averaging about9 acres, an estimates 30,000 acres could be dumped on the market nationwide over the next two yearsd if the 3,430 dealers liquidate their real estate sources said. Locally, dealershil land currently listed rangesfrom $468,933 to $593,06 per acre.
“Debt will need to be addressesd and mortgages paid off as part of the said attorneySteve Snively, a partner in the firm’s Orlando office who is not involveed in any deals related to the two “As it all winds down, all those coulf have something to do with issues of dealingy with payment of Auburn Hills, Mich.-based Chrysler, which filed for Chapter 11 bankruptcyy protection April 30, plans to trim seven Centra Florida dealerships and 789 nationwide by June 9.
Detroit-based GM, whichg filed for Chapter 11 bankruptct onJune 1, plans to cut its dealershio ranks from 6,246 to 3,605r by October 2010, according to a document posted on its Web Although GM didn’t make public a list of the longtime Central Florida mainstays and are among those slatec to stop selling new Chevys, media reports Roger Holler III, vice president of the , said in a statementg that the company will continue to sell Chevrolets, issu warranties and provide service. “We’v e been here for more than 70 yearsand we’llp be here for another 70 he said in the statement.
Local real estate experts believe the family will find other uses for thetwo “Some of this is really trophy said Bill Parke, director of industrial servicez for Colliers Arnold Commercial in Orlando, who also specializes in auto “The Holler people have a real eye for real estate.” The Holler-Classicd group has another six Central Floridsa dealerships with the Audi, Hummer, Mazda and Hyundaj brands, as well as two Honda dealerships. Some dealers alreadyt have plans in place to continue operating. For instance, , a Chrysler dealer slated to stop selling new Jeep vehicleasthis month, will continue pushing its Suzuki brand along with pre-ownedd vehicles.
General Manager Buddy Vickers — whose Jimmie Vickers, started the dealership in the1970se — said the family also will keep their servicee department active. “The most bitter part to this whole thinf isthat we’ve been a Jeep dealer for a long time,” he “We’ve really been loyal to the brand.” And Alan Starling, who owns Chevroleyt dealerships in DeLand and St. Cloud not on the trim said he expects to go forward with plans to buy a thirde undisclosed Chevrolet dealership once all the bankruptcy falloutgis over. In April, Starling sold a Chryslee dealershipfor $5.6 million to the Osceola County Sherriff’ss Office.
He had resignerd his franchise agreement with Chryslerin February, he “GM has always said at least 50 percent of theit sales are made up from Chevrolet he said. “That’s probablt the brand that will survive.” Meanwhile, Starling said the future of his vacantt Saturn dealership in Panama City is GM wants to sellthe brand. “They haven’t been very but I think they know there’s a he said. Starling said he has receivesd four calls from competing automakers interested in having him sign on for one of theifr brands inthat space.
The real estate expected to come onlin e may create other opportunities for For example, Colliers formed , a nationak group that includes an Orlandpo operation to market auto lots. CB Richard Ellis createf a national , and the Orlando officse plans to name someon e to headlocal efforts. Auto dealerships are typically primse realestate sites, with great visibility, good signage rights and property well-suited to brokers said. “In the long-term, these tracts will be more attractive,” Snively “It’s easier to redevelop it than if we had an existinhgshopping center.
”
Friday, February 18, 2011
Toll Brothers revenue cut in half - Pittsburgh Business Times:
rubber roofing
The Horsham, Pa., homebuilder -- one of the largesgt in GreaterBaltimore -- anticipates takinb between $100 million and $200 milliom in pre-tax writedowns for the first quarter, thougyh it is still making a finalk calculation. Toll (NYSE: TOL) offered no guidance and expects to reporgt final resultsMarch 4. Its preliminary result s were down acrossthe board. Revenue was $409.3. Backlog was $1.044 billion, down 56 percent. Signed contracts were $128.1 million, a 66 percentg drop. One of the bright spotds was a reductionin cancellations.
In the firsgt quarter, the company had 157 cancellations totalinfabout $115 million, compared with 257 cancellationes totaling $198 million for the same period a year ago and 233 cancellationas totaling $183 million in the most recen t fourth quarter. Toll also saw an uptick in activity in Januaryu compared to November and which it attributed to offering anaggressive 3.99 0-point, 30-year fixed-rate mortgage promotion. The companh said it continues to have plenty of cash on banking $1.53 billion. Toll, which has an office in ranked 22nd on the BaltimoreBusiness Journal's 2008 list of largest residentiaol builders.
The company ranked 12th the year
The Horsham, Pa., homebuilder -- one of the largesgt in GreaterBaltimore -- anticipates takinb between $100 million and $200 milliom in pre-tax writedowns for the first quarter, thougyh it is still making a finalk calculation. Toll (NYSE: TOL) offered no guidance and expects to reporgt final resultsMarch 4. Its preliminary result s were down acrossthe board. Revenue was $409.3. Backlog was $1.044 billion, down 56 percent. Signed contracts were $128.1 million, a 66 percentg drop. One of the bright spotds was a reductionin cancellations.
In the firsgt quarter, the company had 157 cancellations totalinfabout $115 million, compared with 257 cancellationes totaling $198 million for the same period a year ago and 233 cancellationas totaling $183 million in the most recen t fourth quarter. Toll also saw an uptick in activity in Januaryu compared to November and which it attributed to offering anaggressive 3.99 0-point, 30-year fixed-rate mortgage promotion. The companh said it continues to have plenty of cash on banking $1.53 billion. Toll, which has an office in ranked 22nd on the BaltimoreBusiness Journal's 2008 list of largest residentiaol builders.
The company ranked 12th the year
Wednesday, February 16, 2011
Alabama programs anticipate federal funding cut - CNBC.com
chauezhelolocu1622.blogspot.com
Alabama programs anticipate federal funding cut CNBC.com President Barack Obama's proposed federal budget would terminate a program that gives Children's Hospital in Birmingham about $5.5 million annu » |
Sunday, February 13, 2011
SSL VPN Multi-Factor Authentication Product Released - San Francisco Chronicle (press release)
http://stonegables.net/aboutthehouse.html
PR Web (press release) | SSL VPN Multi-Factor Authentication Product Released San Francisco Chronicle (press release) Multi-factor authentication vendor Sestus announced today the release of its Virtual Token(TM) solution for SSL VPN environments. ... SSL VPN Multi-Factor Authentication Product Released |
Friday, February 11, 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Kansas City Business Journal:
http://limelightmktg.com/the-kill-off.htm
The two companies LLC, on April 1 . Atlaas Energy Resources LLC (NYSE:ATN), an affiliate of Atlas Pipelins Partners, will be the anchor tenant on Laurel Mountain’s system. Under its agreemenft with Tulsa, Okla.-based Williams (NYSE:WMB), Atla s Pipeline Partners (NYSE:APL) will receive $90 millionb in cash, a preferred right to proceeds undera $25.65 million obligation from Williams, and 49 percenyt of Laurel Mountain. The obligation amortizew in equal principal installments overthrewe years.
Atlas Pipeline Partners can convert its righrt to receive accrued principal and interestr under the obligation into a sum equap to the accrued principal and interest and use that to covere its required capital expenditures underthe joint-venturr agreement. Atlas Pipeline Partnersd also said its lender recently agreed to relax the covenants relating to totakl debt and earningsbefore interest, taxes, depreciatiob and amortization on its $380 million revolving creditf line and $463 million term loan Additionally, , which owns the general partner of Atlas Pipeline Partners, said Monday it has repaifd $30 million on its credit facility and will pay down the remainin g $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityy by issuing $15 million of preferred limiter partner units to Atlasz Pipeline Partners and by borrowing $15 million from Atlas America which owns Atlas Pipeline Holdings’ genera partner and 64 percent of its commobn units.
Atlas America (NASDAQ:ATLS) also guaranteed that Atlasw Pipeline Holdings will repay theremaining $16 million on its creditf facility. The Atlas companies have offices in Philadelphiawand Moon, Pa.
The two companies LLC, on April 1 . Atlaas Energy Resources LLC (NYSE:ATN), an affiliate of Atlas Pipelins Partners, will be the anchor tenant on Laurel Mountain’s system. Under its agreemenft with Tulsa, Okla.-based Williams (NYSE:WMB), Atla s Pipeline Partners (NYSE:APL) will receive $90 millionb in cash, a preferred right to proceeds undera $25.65 million obligation from Williams, and 49 percenyt of Laurel Mountain. The obligation amortizew in equal principal installments overthrewe years.
Atlas Pipeline Partners can convert its righrt to receive accrued principal and interestr under the obligation into a sum equap to the accrued principal and interest and use that to covere its required capital expenditures underthe joint-venturr agreement. Atlas Pipeline Partnersd also said its lender recently agreed to relax the covenants relating to totakl debt and earningsbefore interest, taxes, depreciatiob and amortization on its $380 million revolving creditf line and $463 million term loan Additionally, , which owns the general partner of Atlas Pipeline Partners, said Monday it has repaifd $30 million on its credit facility and will pay down the remainin g $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityy by issuing $15 million of preferred limiter partner units to Atlasz Pipeline Partners and by borrowing $15 million from Atlas America which owns Atlas Pipeline Holdings’ genera partner and 64 percent of its commobn units.
Atlas America (NASDAQ:ATLS) also guaranteed that Atlasw Pipeline Holdings will repay theremaining $16 million on its creditf facility. The Atlas companies have offices in Philadelphiawand Moon, Pa.
Tuesday, February 8, 2011
Ballpark Village state approval delayed until July - St. Louis Business Journal:
stelauguqdinec.blogspot.com
The project is not listed on the MDFB'sa agenda and won't come up for consideration untik July atthe earliest. The project The state board must approve a package of subsidies for the projecty that is slated to be builg north of BuschStadium downtown. The city of St. board of aldermen approved a packaged of incentives earlier this year for upto $188 milliohn for the $551 million project, dependin on what gets built on the State sign-off on the subsidy packages is required before the project’s developers, the and Baltimore-basedx , can sell bonds to pay for the project. St. Louis-baseed financial services firm is seekin g to relocate fromdowntow St.
Louis and occupy 175,000 square feet of space as an anchod tenant at Ballpark Villagein 2011. No othe tenants have yet been announced. Kansas City-based law firm was in talkss to consolidatetwo St. Louis offices in 100,000 square feet of space at Ballpark Village, but instead renewesd at its current office building downtown this montbh due to delays inthe
The project is not listed on the MDFB'sa agenda and won't come up for consideration untik July atthe earliest. The project The state board must approve a package of subsidies for the projecty that is slated to be builg north of BuschStadium downtown. The city of St. board of aldermen approved a packaged of incentives earlier this year for upto $188 milliohn for the $551 million project, dependin on what gets built on the State sign-off on the subsidy packages is required before the project’s developers, the and Baltimore-basedx , can sell bonds to pay for the project. St. Louis-baseed financial services firm is seekin g to relocate fromdowntow St.
Louis and occupy 175,000 square feet of space as an anchod tenant at Ballpark Villagein 2011. No othe tenants have yet been announced. Kansas City-based law firm was in talkss to consolidatetwo St. Louis offices in 100,000 square feet of space at Ballpark Village, but instead renewesd at its current office building downtown this montbh due to delays inthe
Sunday, February 6, 2011
Extended Stay Hotels files Chapter 11 - Minneapolis / St. Paul Business Journal:
burdukovahycel.blogspot.com
The Spartanburg, S.C.-based company filed the reorganization petitiobn in New Yorkbankruptcy court, Secretary and Generaol Counsel Joseph Teichman writinvg that Extended Stay had abouf $7.1 billion in assets and $7.6 billion in liabilitiesa at the end of 2008. Extended Stay, whosw more than 680 properties are manager byHVM LLC, has eight Centralo Ohio sites, including those near the Mall at Tuttls Crossing, Polaris Fashion Place and Easton Town Center.
The compan bills itself as the largest operatorof mid-prices extended-stay hotels in the Teichman in a court filing on Monday wrote that the company sought protection from creditors amid a genera l downturn in the hospitality industry and a hit taken as fewerf potential customers need the company’s services. “Sinces the typical Extended Stay customer seeks a lengthy stay base oncommercial relocation, the contractiom of construction and new businesas development began to significantly and adversely affecte d Extended Stay’s revenue stream,” Teichman wrote.
The company said its averagse revenue per room dropped about 23 percent in the firsf five months of the year compared with the same perioxdof 2008. As a it was unable to deal with its debt burdeh with cash flow and is seekinga “comprehensivwe restructuring of the entire capital structure.” Extendes Stay said it plans to run operations following the Chapter 11 petition under a lender-approved arrangement using cash Debtor-in-possession financing won’t be needed, the companyu said. About 9,900 employees work in hotels operate byExtended Stay. The company is in 44 statex and hasabout 77,000 rooms.
The Spartanburg, S.C.-based company filed the reorganization petitiobn in New Yorkbankruptcy court, Secretary and Generaol Counsel Joseph Teichman writinvg that Extended Stay had abouf $7.1 billion in assets and $7.6 billion in liabilitiesa at the end of 2008. Extended Stay, whosw more than 680 properties are manager byHVM LLC, has eight Centralo Ohio sites, including those near the Mall at Tuttls Crossing, Polaris Fashion Place and Easton Town Center.
The compan bills itself as the largest operatorof mid-prices extended-stay hotels in the Teichman in a court filing on Monday wrote that the company sought protection from creditors amid a genera l downturn in the hospitality industry and a hit taken as fewerf potential customers need the company’s services. “Sinces the typical Extended Stay customer seeks a lengthy stay base oncommercial relocation, the contractiom of construction and new businesas development began to significantly and adversely affecte d Extended Stay’s revenue stream,” Teichman wrote.
The company said its averagse revenue per room dropped about 23 percent in the firsf five months of the year compared with the same perioxdof 2008. As a it was unable to deal with its debt burdeh with cash flow and is seekinga “comprehensivwe restructuring of the entire capital structure.” Extendes Stay said it plans to run operations following the Chapter 11 petition under a lender-approved arrangement using cash Debtor-in-possession financing won’t be needed, the companyu said. About 9,900 employees work in hotels operate byExtended Stay. The company is in 44 statex and hasabout 77,000 rooms.
Thursday, February 3, 2011
Obama
http://furyandfrost.com/?p=381
Many Republicans, meanwhile, want out of the car at the nearesgt exit. Some turnaround specialists are concernedthe government-guided bankruptcy reorganizationsd of Chrysler and GM could make it hardetr for companies to obtain capital. In thesse cases, the companies’ labor union, the , received more favorables treatment thanthe companies’ secured creditors. That violates well-establishedf bankruptcy law principles, said Peter Kaufman, presidengt of LLC’s restructuring practiced in New York. The U.S. is the most welcomingh place in the worldfor capital, particularly for loans, he because “everyone knows what their downside is.
” “Now that has all been stooe on its ear,” he said. “At a time when the countrgy needs capital providers morethan ever, you’rre going to find institutions with their hands in their pockets, or they’re goinyg to be charging a lot more,” Kaufman
Many Republicans, meanwhile, want out of the car at the nearesgt exit. Some turnaround specialists are concernedthe government-guided bankruptcy reorganizationsd of Chrysler and GM could make it hardetr for companies to obtain capital. In thesse cases, the companies’ labor union, the , received more favorables treatment thanthe companies’ secured creditors. That violates well-establishedf bankruptcy law principles, said Peter Kaufman, presidengt of LLC’s restructuring practiced in New York. The U.S. is the most welcomingh place in the worldfor capital, particularly for loans, he because “everyone knows what their downside is.
” “Now that has all been stooe on its ear,” he said. “At a time when the countrgy needs capital providers morethan ever, you’rre going to find institutions with their hands in their pockets, or they’re goinyg to be charging a lot more,” Kaufman
Tuesday, February 1, 2011
Baldor Electric to add 114 jobs in N.C. - Dayton Business Journal:
antoninahubihe.blogspot.com
The company plans to invest morethan $12.22 million and create the jobs during the next three yearsa as it moves its Soutbh Carolina operations to other locations, including Kings The new jobs will pay an average wage of The Kings Mountain plant in Cleveland Count has about 500 workers. Arkansas-based Baldorr is an international supplierr of industrialelectric motors, mechanical power transmission drives and generators.
In April, the company announced it was closingits 100,000-square-foot planft in Fort Mill and moving production to Kings The roughly 140 Fort Mill employees have been offeree positions at the Kings Mountain site as well as at Baldotr facilities in Georgia and Tracy Long, vice president for investor relations, said in April that shifting to the larger facility would allow workers to manufacturw more electric motors. “This is actuallty a positive thing,” she “We hope our employees will staywith us.” The plants manufacture the same products. The Fort Mill buildingh will be put upfor sale.
Threwe of Baldor’s plants are in North Carolinaw — in Kings Mountain, Marion and Weavervillew — and employ nearly 700. The incentives are from the One NorthbCarolina Fund. Baldor won $75,000 in state incentivews earlier this year as part of a plan to expanc itsMarion operations.
The company plans to invest morethan $12.22 million and create the jobs during the next three yearsa as it moves its Soutbh Carolina operations to other locations, including Kings The new jobs will pay an average wage of The Kings Mountain plant in Cleveland Count has about 500 workers. Arkansas-based Baldorr is an international supplierr of industrialelectric motors, mechanical power transmission drives and generators.
In April, the company announced it was closingits 100,000-square-foot planft in Fort Mill and moving production to Kings The roughly 140 Fort Mill employees have been offeree positions at the Kings Mountain site as well as at Baldotr facilities in Georgia and Tracy Long, vice president for investor relations, said in April that shifting to the larger facility would allow workers to manufacturw more electric motors. “This is actuallty a positive thing,” she “We hope our employees will staywith us.” The plants manufacture the same products. The Fort Mill buildingh will be put upfor sale.
Threwe of Baldor’s plants are in North Carolinaw — in Kings Mountain, Marion and Weavervillew — and employ nearly 700. The incentives are from the One NorthbCarolina Fund. Baldor won $75,000 in state incentivews earlier this year as part of a plan to expanc itsMarion operations.
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