Douglas Son's 'Cruel' Prison Treatment myfoxny.com She blasted Judge Richard Berman for imposing a "harsh" sentence, adding that the ban on family visits plus 11 months of solitary confinement for violating prison rules was cruel. "Cameron was used because of his famous last name to set an example of ... |
Friday, December 30, 2011
Douglas Son's 'Cruel' Prison Treatment - myfoxny.com
eragywaqer.wordpress.com
Wednesday, December 28, 2011
Cruelty charges follow Queenstown turkey stunt - Otago Daily Times
tarpleypymibujuh1491.blogspot.com
Cruelty charges follow Queenstown turkey stunt Otago Daily Times Police said the vehicle had recently been driven to Queenstown but it was not immediately clear how long the bird had been driven about, attached by the tape. Sergeant Keith Newell said the action was "just ridiculous" and police would not tolerate ... |
Monday, December 26, 2011
Going through the eye of a needle - Zanesville Times Recorder
xotavaloso.blogspot.com
Going through the eye of a needle Zanesville Times Recorder For me, this quote doesn't just focus on richness in money, but also in the other riches which God has granted me. I believe that there are many in our community who also feel this way. Richness in time is something that many of us have, ... |
Saturday, December 24, 2011
ESPN Zone closes doors in Denver - Dallas Business Journal:
uhetemejih.wordpress.com
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-theme d bar and interactive game centers across the laid off roughly 100 giving each a 60-day administrative leave package, accordin to a company statement. Rick an ESPN vice president who oversees Zone said in the statement that the restaurant could not survivrethe recession. This economic downturn has been marked nationally by reduced consumer spending on eating out and onentertainmenr activities. “A decision like this is never easy. We recogniz e and appreciate the commitment and yearsw of service of all ofthese employees,” Allesandri said.
the current economic environment offered us noothee choice.” The ESPN Zone was a 23,000-square-foot meeting place for sports fanatics, with one room featurint more than a doze large televisions tuned into contests of all kind and anothefr full of video and sports gamews ranging from basketball to bowling. None of the eight other ESPN Zone locations willbe closed, as all “ars meeting our expectations,” said Matt a spokesmen for the chain.
, whicg owns the Tabor Center, issued a statemen t saying itwas “sorry to hear of theit decision to discontinue their Denver But the closing of ESPN Zone “has createsd a new opportunity for us to bring new concepts to 16th it said. One of thoses new concepts is TheTilted Kilt, a Celtic-themed restaurant and sports bar with 20 location s operating nationwide and another 10 planned. The chain, which is expectee to open its Denver location this fall and to offer outdoorpatio seating, has signed an 8,300-square-footf lease at Tabor Center, according to a news The Tilted Kilt began in Las Vegas in 2003 and is notefd for its servers dresser in knee-high socks, short plaid kilts and midriff-baring plaie halter tops.
It will be one of a number of new tenantss opening in the Tabore Centerthis year. “These new additions to Tabofr Center’s retail offering reflect our continuing effortxs to enhance the services and amenities forthe tenants, customers and visitorsw to the Tabor Center,” said Steve executive vice president and partner at Callahan Capital
The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-theme d bar and interactive game centers across the laid off roughly 100 giving each a 60-day administrative leave package, accordin to a company statement. Rick an ESPN vice president who oversees Zone said in the statement that the restaurant could not survivrethe recession. This economic downturn has been marked nationally by reduced consumer spending on eating out and onentertainmenr activities. “A decision like this is never easy. We recogniz e and appreciate the commitment and yearsw of service of all ofthese employees,” Allesandri said.
the current economic environment offered us noothee choice.” The ESPN Zone was a 23,000-square-foot meeting place for sports fanatics, with one room featurint more than a doze large televisions tuned into contests of all kind and anothefr full of video and sports gamews ranging from basketball to bowling. None of the eight other ESPN Zone locations willbe closed, as all “ars meeting our expectations,” said Matt a spokesmen for the chain.
, whicg owns the Tabor Center, issued a statemen t saying itwas “sorry to hear of theit decision to discontinue their Denver But the closing of ESPN Zone “has createsd a new opportunity for us to bring new concepts to 16th it said. One of thoses new concepts is TheTilted Kilt, a Celtic-themed restaurant and sports bar with 20 location s operating nationwide and another 10 planned. The chain, which is expectee to open its Denver location this fall and to offer outdoorpatio seating, has signed an 8,300-square-footf lease at Tabor Center, according to a news The Tilted Kilt began in Las Vegas in 2003 and is notefd for its servers dresser in knee-high socks, short plaid kilts and midriff-baring plaie halter tops.
It will be one of a number of new tenantss opening in the Tabore Centerthis year. “These new additions to Tabofr Center’s retail offering reflect our continuing effortxs to enhance the services and amenities forthe tenants, customers and visitorsw to the Tabor Center,” said Steve executive vice president and partner at Callahan Capital
Thursday, December 22, 2011
Consumer confidence retreats - Phoenix Business Journal:
yvejodo.wordpress.com
Nationally, consumer confidence droppeed sharplyin June, cutting into three monthas of gains that had seen the overall index more than The Conference Board's Consumer Confidence Index fell by 5.5 pointe to 49.3 in June. Florida’s consumer confidence index for June fell thres points last monthto 68, the resuly of bad economic news including the bankruptcy of Generall Motors Corp., foreclosures and a spikd in Florida’s unemployment rate, accordinbg to a new University of Florida While Floridians’ perceptions of personal financeds compared with a year ago is up threse points to 44 from a revisedr May reading of 41, other perceptionxs were lower than, or the same as, last month.
For perceptions of U.S. economic conditions over the next year fell sevem pointsto 65, while perceptions of whether it’s a good time to buy big-ticketr items fell nine points to 67. Perceptionss of U.S. economic conditions over the next five years remainee unchangedat 80. "Moving forward, we do not expectg Florida consumer confidence to decline much more over the next couple of months, barring some unforeseen change here in Floridas or nationally," Chris director of UF’s Survey Researcu Center at the Bureau of Economi and Business Research, said in a news However, McCarty cautioned the recovery is expectedc to be long and uneven for some sectors of the economy.
"Withj the demise of longstanding financial institutions such as Lehmanj Brothers and manufacturing companiee like Chryslerand GM, it is no longer businessd as usual," he said. The preliminary indexc for June was conducted from430 responses. It is benchmarkedd to 1966, so a valued of 100 represents the same level of confidence forthat
Nationally, consumer confidence droppeed sharplyin June, cutting into three monthas of gains that had seen the overall index more than The Conference Board's Consumer Confidence Index fell by 5.5 pointe to 49.3 in June. Florida’s consumer confidence index for June fell thres points last monthto 68, the resuly of bad economic news including the bankruptcy of Generall Motors Corp., foreclosures and a spikd in Florida’s unemployment rate, accordinbg to a new University of Florida While Floridians’ perceptions of personal financeds compared with a year ago is up threse points to 44 from a revisedr May reading of 41, other perceptionxs were lower than, or the same as, last month.
For perceptions of U.S. economic conditions over the next year fell sevem pointsto 65, while perceptions of whether it’s a good time to buy big-ticketr items fell nine points to 67. Perceptionss of U.S. economic conditions over the next five years remainee unchangedat 80. "Moving forward, we do not expectg Florida consumer confidence to decline much more over the next couple of months, barring some unforeseen change here in Floridas or nationally," Chris director of UF’s Survey Researcu Center at the Bureau of Economi and Business Research, said in a news However, McCarty cautioned the recovery is expectedc to be long and uneven for some sectors of the economy.
"Withj the demise of longstanding financial institutions such as Lehmanj Brothers and manufacturing companiee like Chryslerand GM, it is no longer businessd as usual," he said. The preliminary indexc for June was conducted from430 responses. It is benchmarkedd to 1966, so a valued of 100 represents the same level of confidence forthat
Tuesday, December 20, 2011
Kroc Center membership fees listed - South Bend Tribune
esyy23mozy.blogspot.com
Kroc Center membership fees listed South Bend Tribune Silver membership offers access to all center programs and facilities. Per month: $57 for a family of up to five members; $20 for youths ages 11 to 17; $25 for young adults 18 to 24; $45 for adults 25 to 64; and $40 for senior citizens age 65 and older ... |
Saturday, December 17, 2011
Nuti: NCR to save millions with Georgia move - Atlanta Business Chronicle:
callahamirykaan1884.blogspot.com
was as much about consolidation and cost savinvg as it wasabout Georgia’s $60 million incentive package, its demographics, infrastructure and skilled workforce. The relocatioj will save the Fortune 500company “tens of millionw of dollars” over the next NCR chief Bill Nuti told Atlant a Business Chronicle on Tuesday. NCR’es decision to locate in Georgia, will bringv more than 2,100 jobs including nearly 900 to a manufacturing operationin Columbus. That facility, will be NCR’se first manufacturing plant in the United States sincrethe 1970s. NCR is consolidating corporate jobs from not just but from severalother U.S.
locations, Nuti said, declining to disclose the NCR will continue to employ less than 50 in where it will maintain a data centef and sales andservicre operations. Atlanta’s academic institutions also helped win the NCR The company views schools like as a potentiao labor pool and a partner for jointg innovationand development. The region’s relatively robustt economy, its supply chain logistics infrastructure andcorporatre base, also helped win NCR over. “Wew looked at all of thesw factors and Georgia scored amongst the highest ofall states,” Nuti Atlanta also got a little help from the economicall y depressed Midwest.
“Recruitment has been difficulgtin Ohio,” Nuti said. NCR’s move to the Southeast was also promptesdby consolidation. “At the end of the day we reallyy were a company that waswidelhy dispersed.” Nuti said. Since NCR’s 1997 spin-off from “the company was everywhere and nowhere.” The company needec to consolidate into a single campus to improvew collaborationand productivity, he said. NCR’s executive offices, however, will remain in Manhattan, Nuti “That center surrounds our largestf and most major customers in the worlc in thebanking industry,” he said.
“That’s where we host many of our customerse in the financialservices base.”
was as much about consolidation and cost savinvg as it wasabout Georgia’s $60 million incentive package, its demographics, infrastructure and skilled workforce. The relocatioj will save the Fortune 500company “tens of millionw of dollars” over the next NCR chief Bill Nuti told Atlant a Business Chronicle on Tuesday. NCR’es decision to locate in Georgia, will bringv more than 2,100 jobs including nearly 900 to a manufacturing operationin Columbus. That facility, will be NCR’se first manufacturing plant in the United States sincrethe 1970s. NCR is consolidating corporate jobs from not just but from severalother U.S.
locations, Nuti said, declining to disclose the NCR will continue to employ less than 50 in where it will maintain a data centef and sales andservicre operations. Atlanta’s academic institutions also helped win the NCR The company views schools like as a potentiao labor pool and a partner for jointg innovationand development. The region’s relatively robustt economy, its supply chain logistics infrastructure andcorporatre base, also helped win NCR over. “Wew looked at all of thesw factors and Georgia scored amongst the highest ofall states,” Nuti Atlanta also got a little help from the economicall y depressed Midwest.
“Recruitment has been difficulgtin Ohio,” Nuti said. NCR’s move to the Southeast was also promptesdby consolidation. “At the end of the day we reallyy were a company that waswidelhy dispersed.” Nuti said. Since NCR’s 1997 spin-off from “the company was everywhere and nowhere.” The company needec to consolidate into a single campus to improvew collaborationand productivity, he said. NCR’s executive offices, however, will remain in Manhattan, Nuti “That center surrounds our largestf and most major customers in the worlc in thebanking industry,” he said.
“That’s where we host many of our customerse in the financialservices base.”
Thursday, December 15, 2011
Commercial Paper Declines On Adjusted, Unadjusted Basis - Wall Street Journal
coras-newport.blogspot.com
Commercial Paper Declines On Adjusted, Unadjusted Basis Wall Street Journal The US commercial paper market fell on a seasonally adjusted and unadjusted basis in the week ended Wednesday, according to Federal Reserve data released Thursday. Changes in this market are a barometer of the economy's health because they show how ... |
Tuesday, December 13, 2011
FairPoint awards options to new CEO - Charlotte Business Journal:
cahijisebi.wordpress.com
million shares of its common stock. The Charlotte-based telecommunicationes company (NYSE:FRP) also has given Hausert options tobuy 523,810 restricted sharezs of the company’s common The options were granted at an exercise price of 95 centss and will vest in three annual installments, beginning on July 1. Also as part of his employmenr agreement, Hauser will receive $1.75 million in restricted stock on July 1 of the next two In addition, he will receivw performance units paid in sharesw of company stock, with a target amount of 200 percent of his base salaryy and a maximum of 400 percent of the base His annual salary is $800,000.
formerly chief financial officer at has been a membefrof FairPoint’s board since Februart 2005, serving as a director, chairmamn of the compensation committee and a member of the audift committee. He assumed his new responsibilities at FairPoiny uponGene Johnson’s retirement Wednesday. Johnson, a co-founderr of FairPoint, had been the company’x chief executive since 2002. Meanwhile, Charlotte-based Duke (NYSE:DUK), named Lynn Good to succeerd Hauser asits CFO, effective Wednesday. Most recently, Good had been grou p executive and presidentof Duke’s commercial She previously was a senior vice presidengt and treasurer.
million shares of its common stock. The Charlotte-based telecommunicationes company (NYSE:FRP) also has given Hausert options tobuy 523,810 restricted sharezs of the company’s common The options were granted at an exercise price of 95 centss and will vest in three annual installments, beginning on July 1. Also as part of his employmenr agreement, Hauser will receive $1.75 million in restricted stock on July 1 of the next two In addition, he will receivw performance units paid in sharesw of company stock, with a target amount of 200 percent of his base salaryy and a maximum of 400 percent of the base His annual salary is $800,000.
formerly chief financial officer at has been a membefrof FairPoint’s board since Februart 2005, serving as a director, chairmamn of the compensation committee and a member of the audift committee. He assumed his new responsibilities at FairPoiny uponGene Johnson’s retirement Wednesday. Johnson, a co-founderr of FairPoint, had been the company’x chief executive since 2002. Meanwhile, Charlotte-based Duke (NYSE:DUK), named Lynn Good to succeerd Hauser asits CFO, effective Wednesday. Most recently, Good had been grou p executive and presidentof Duke’s commercial She previously was a senior vice presidengt and treasurer.
Sunday, December 11, 2011
Albany officials promote small-scale apartment conversions - Silicon Valley / San Jose Business Journal:
inufyw.blogspot.com
One example is at 370 across from theAdministration headquarters. The upperr three floors of thelate 19th-century building are being converted into six, 1,400-square-foot to 1,600-square-foot apartmenta that will rent for $1,800 this fall. A commercia tenant will be sought for thefirst floor. The ownerw dubbed the apartments TheMeginnissx Flats, in honor of the old electrical companyh whose name graces the rear of the buildingg in big white letters that have faded over The sign is painted over the red brick facade and must be preserve because the property was built in 1898 and is in a historic district. Financing small projects can be just as trick as thelarge ones.
Even though the owners were armeds with a feasibility study showing the potential for they weren’t able to get a bank loan becausr the real estate market had “Nobody wanted to finance this project,” said Mike a tax attorney and certifieed public accountant. “One lender wantedr us to put inanother $500,000 Hannah and his partners ultimatel y got $1 million in private financing from sources in the Boston The interest-only construction loan enablexd them to buy materials and hire contractors to starg the renovations. The apartments are located in a part of the city that couldr see big changes in yearsz to come if a proposes convention center evergets built.
Plansz call for the center to be located on the parkintg lots behind the row of buildings that includes 370 The decrepit Trailways bus station next to 370 Broadwayg would be demolished to make way for a pedestrian plazqa leading to theconvention center. Hannah and his partners aren’t counting on the convention centetr to make the apartmentsa success. Therew have been many delays in the conventioh centerplanning and, as of now, no commitment from Gov. David Paterson to fund the entire $230 millio project. “I stopped even thinking about it,” said who owns the building with his Michele Hannah, and another couple, Brenda Goulde and Perry Gould.
The Hannahs used to run a commerciap print shop on the first floor but sold it four year ago whenbusiness declined. The Goulds becamee part owners of the propertyg infall 2006. The partners are convinced therde will be strong demand for the apartments from younyg professionals and empty nesters who want to live Those are the same demographic groups that otherd developers havebeen targeting, though the tougj financing climate has stalled or killed two large, high-profiled downtown developments over the past year. Plansw for the 125-unit , a luxury condominium tower on north Broadway havebeen shelved, althougb says it hasn’t givem up.
Nearby, plans for an upscale 175-unit apartment building and 125-room hotekl are on hold while the land owner triesa to sell thedevelopment rights. Small-scalr residential projects areless profitable, but they are also more Over the past five or six years, there have been severao conversions of upper-floor buildings into apartments withihn the boundaries of the Downtown Businessz Improvement District.
One example is at 370 across from theAdministration headquarters. The upperr three floors of thelate 19th-century building are being converted into six, 1,400-square-foot to 1,600-square-foot apartmenta that will rent for $1,800 this fall. A commercia tenant will be sought for thefirst floor. The ownerw dubbed the apartments TheMeginnissx Flats, in honor of the old electrical companyh whose name graces the rear of the buildingg in big white letters that have faded over The sign is painted over the red brick facade and must be preserve because the property was built in 1898 and is in a historic district. Financing small projects can be just as trick as thelarge ones.
Even though the owners were armeds with a feasibility study showing the potential for they weren’t able to get a bank loan becausr the real estate market had “Nobody wanted to finance this project,” said Mike a tax attorney and certifieed public accountant. “One lender wantedr us to put inanother $500,000 Hannah and his partners ultimatel y got $1 million in private financing from sources in the Boston The interest-only construction loan enablexd them to buy materials and hire contractors to starg the renovations. The apartments are located in a part of the city that couldr see big changes in yearsz to come if a proposes convention center evergets built.
Plansz call for the center to be located on the parkintg lots behind the row of buildings that includes 370 The decrepit Trailways bus station next to 370 Broadwayg would be demolished to make way for a pedestrian plazqa leading to theconvention center. Hannah and his partners aren’t counting on the convention centetr to make the apartmentsa success. Therew have been many delays in the conventioh centerplanning and, as of now, no commitment from Gov. David Paterson to fund the entire $230 millio project. “I stopped even thinking about it,” said who owns the building with his Michele Hannah, and another couple, Brenda Goulde and Perry Gould.
The Hannahs used to run a commerciap print shop on the first floor but sold it four year ago whenbusiness declined. The Goulds becamee part owners of the propertyg infall 2006. The partners are convinced therde will be strong demand for the apartments from younyg professionals and empty nesters who want to live Those are the same demographic groups that otherd developers havebeen targeting, though the tougj financing climate has stalled or killed two large, high-profiled downtown developments over the past year. Plansw for the 125-unit , a luxury condominium tower on north Broadway havebeen shelved, althougb says it hasn’t givem up.
Nearby, plans for an upscale 175-unit apartment building and 125-room hotekl are on hold while the land owner triesa to sell thedevelopment rights. Small-scalr residential projects areless profitable, but they are also more Over the past five or six years, there have been severao conversions of upper-floor buildings into apartments withihn the boundaries of the Downtown Businessz Improvement District.
Friday, December 9, 2011
These beds were last made 77000 years ago - msnbc.com
lebexab.wordpress.com
msnbc.com | These beds were last made 77000 years ago msnbc.com Why it's OK for birds to be gay Nearly one-fifth of all long-term greylag geese couples are gay, composed of two males. Scientists have found more than 130 bird species that engage in some sort of same-sex hanky-panky รข€" and the males in some of those ... < p class="p" size="-1"> |
Tuesday, December 6, 2011
Norfolk Collegiate grad finds hoops success at Harvard - The Virginian-Pilot
nazariomuibepu1687.blogspot.com
New York Daily News | Norfolk Collegiate grad finds hoops success at Harvard The Virginian-Pilot By Ed Miller To leave Harvard University's main campus and make the short walk over the Charles River to Lavietes Pavilion, home of the men's basketb » |
Sunday, December 4, 2011
Checketts wants to bring JetBlue to Lambert - The Business Review (Albany):
vavyzina.wordpress.com
Checketts is a founding memberof JetBlue’s board of directors. He said he has been makinf introductions between other JetBlue directorw and executives and Missouri officials for some even arranging a meeting several months ago in New York betweenb JetBlue Chairman Joel Petersonand then-Missour i Gov. Matt Blunt. Checketts, 53, frequently travels betwee n St. Louis, SCP’s base in New York City and Salt Lake where SCP owns the franchise Real Salt JetBlue is the official airlinr of the soccer team and Rio Tinto JetBlue entered intothat three-year agreement in March and will pay the team a totao of $375,000 for the sponsorship.
Checkett s personally controls morethan 73,000 JetBlued shares worth about $277,000. “I have a conflict since I have a personapl interest in JetBluecoming here, so I’m just opening doors,” Checketts said. “But I’d love to see them fly The airport has that big runway and the capacity tohandlde them.” JetBlue serves 56 cities with 600 daily New service to Baltimore; Barbados; Kingston, and Saint Lucia begins this fall, subject to receipt of government operating authority.
Like many airlines, however, the company has experiencecd turbulence over the past year due to high fuel the recession’s negative impact on air investment losses and the credit crisis. JetBlue reported a loss of $76 milliob last year compared to net incomeof $18 million in according to its annual The company expanded its fleet by threre Airbus A320s and five Embraer 190s last year. It addeed only two new destinationsin 2008, compared to five added in 2007 and 16 addedf in 2006.
said last week that it from
Checketts is a founding memberof JetBlue’s board of directors. He said he has been makinf introductions between other JetBlue directorw and executives and Missouri officials for some even arranging a meeting several months ago in New York betweenb JetBlue Chairman Joel Petersonand then-Missour i Gov. Matt Blunt. Checketts, 53, frequently travels betwee n St. Louis, SCP’s base in New York City and Salt Lake where SCP owns the franchise Real Salt JetBlue is the official airlinr of the soccer team and Rio Tinto JetBlue entered intothat three-year agreement in March and will pay the team a totao of $375,000 for the sponsorship.
Checkett s personally controls morethan 73,000 JetBlued shares worth about $277,000. “I have a conflict since I have a personapl interest in JetBluecoming here, so I’m just opening doors,” Checketts said. “But I’d love to see them fly The airport has that big runway and the capacity tohandlde them.” JetBlue serves 56 cities with 600 daily New service to Baltimore; Barbados; Kingston, and Saint Lucia begins this fall, subject to receipt of government operating authority.
Like many airlines, however, the company has experiencecd turbulence over the past year due to high fuel the recession’s negative impact on air investment losses and the credit crisis. JetBlue reported a loss of $76 milliob last year compared to net incomeof $18 million in according to its annual The company expanded its fleet by threre Airbus A320s and five Embraer 190s last year. It addeed only two new destinationsin 2008, compared to five added in 2007 and 16 addedf in 2006.
said last week that it from
Friday, December 2, 2011
Kingpin investors raise energy stakes - Silicon Valley / San Jose Business Journal:
iqukikofor.wordpress.com
A bevy of high-profile assef managers and hedge fund guruss returned to buying mode after takingg financial lumps in the seconrd half of 2008 when the value of energy companyg shares tanked along with the price of oil andnaturapl gas. Prominent investors such as all-star asset managef Paul Tudor Jones, energy maveric T. Boone Pickens and hedge fund investor George Soros dipped their toes in the energyu pool once again and grabbed multiple stake s inHouston companies, according to regulatory statementd filed this month. Jones, who oversees Tudord Investment Corp.
, found bargains in 10 Houston-based energg companies or major players with a significant presence in the and also took a new positiohn in WasteManagement Inc., still a big favorite of Microsofft Corp. founder Bill Gates. Pickens, who has spentt the past 12 months lobbying for his plan to help the country kick the importedoil habit, still knowxs a fossil-fuel bargain when he sees one. The Texasw oil maven took new positions in a wide rangee of energy companieswith beaten-down stock prices at the end of a year that the bellwether Philadelphi Oil Service Index dipped nearly 60 percent. Pickens dabbledc in services players such asSchlumberger Ltd. and Halliburton Co.
, naturaol gas shale producer Chesapeake Energy and high-profile exploration and production companty Anadarko Petroleum Corp. Soros took even biggedr bites inthe process, gaining new positions in serviceds players Nabors Industries Ltd. and Weatherford International Inc. — after sellinhg off his Schlumberger stake while adding to his positionin . Besides his substantia l switchinto Weatherford, Soros made another big move in late Aprilo involving a Houston-based companty by adding 3 million more shares of Plains Exploratiobn and Production Co., boosting his stake to nearly 6.5 million shares.
Energy analystd and asset investment managers who follow these movers and shakersa say that after energy stock pricew kept climbing in 2007 toward lofty highsein mid-2008, it’s been a while since the notion of valuw investing could be applied to the sector. “Timinh is everything,” says Eddie Allen, seniort partner with Eagle GlobalAdvisors LLC. “Therde may have been an over-reaction in the fall with the sell-ofvf of oil stocks. There’s still a lot of volatility to deal but these investors did well in anticipating therise (in oil that we’ve seen so far this from the mid-$30s to Allen says that value investors are still playingv a bit of a waiting game.
He notes that stoc k prices are down, natural gas has not followex oil’s recovery in 2009, and therre are concerns that prices could stay depressed asinventoriesd build. There is also more speculation, he adds, abougt possible consolidationas mid-cap exploration and production companies eye the pickinges among smaller competitors. Dan Pickering, co-president and head of researcbat Tudor, Pickering, Holt & Co. Securitiez Inc.
, says Pickens, Soros and Tudor mighg have even added more shares durintg the quarter if energy stocks had not rallies and moved a bit higherthan “The market took off so stronglhy in the first quarter that investors took a pauser waiting for a pullback that never came. They might have wanted more but the stockss got away a little bit onthe upside,” Pickeringy says. All things considered, energy was the hottestg investment gamein town. Says “The overall theme here is that investors became reengaged in whichdramatically out-performed the rest of the markey in the first quarter, as peoples were just less terrified about the state of the worldd (economy).
” The energy resurgence party had some notable While Pickens and Soros were pickint new favorites, other big-name investors were still cleaninvg house. Warren Buffett sold 13.7 million ConocoPhillips shares in the quarted to reduce his stakw to a stillsizable 71.2 millioj shares. Buffet conceded to shareholders of his BerkshirreHathaway Inc. asset management firm that his huge investment in ConocoPhillip last year when oil prices peakedat $147 a barrekl was a mistake.
A bevy of high-profile assef managers and hedge fund guruss returned to buying mode after takingg financial lumps in the seconrd half of 2008 when the value of energy companyg shares tanked along with the price of oil andnaturapl gas. Prominent investors such as all-star asset managef Paul Tudor Jones, energy maveric T. Boone Pickens and hedge fund investor George Soros dipped their toes in the energyu pool once again and grabbed multiple stake s inHouston companies, according to regulatory statementd filed this month. Jones, who oversees Tudord Investment Corp.
, found bargains in 10 Houston-based energg companies or major players with a significant presence in the and also took a new positiohn in WasteManagement Inc., still a big favorite of Microsofft Corp. founder Bill Gates. Pickens, who has spentt the past 12 months lobbying for his plan to help the country kick the importedoil habit, still knowxs a fossil-fuel bargain when he sees one. The Texasw oil maven took new positions in a wide rangee of energy companieswith beaten-down stock prices at the end of a year that the bellwether Philadelphi Oil Service Index dipped nearly 60 percent. Pickens dabbledc in services players such asSchlumberger Ltd. and Halliburton Co.
, naturaol gas shale producer Chesapeake Energy and high-profile exploration and production companty Anadarko Petroleum Corp. Soros took even biggedr bites inthe process, gaining new positions in serviceds players Nabors Industries Ltd. and Weatherford International Inc. — after sellinhg off his Schlumberger stake while adding to his positionin . Besides his substantia l switchinto Weatherford, Soros made another big move in late Aprilo involving a Houston-based companty by adding 3 million more shares of Plains Exploratiobn and Production Co., boosting his stake to nearly 6.5 million shares.
Energy analystd and asset investment managers who follow these movers and shakersa say that after energy stock pricew kept climbing in 2007 toward lofty highsein mid-2008, it’s been a while since the notion of valuw investing could be applied to the sector. “Timinh is everything,” says Eddie Allen, seniort partner with Eagle GlobalAdvisors LLC. “Therde may have been an over-reaction in the fall with the sell-ofvf of oil stocks. There’s still a lot of volatility to deal but these investors did well in anticipating therise (in oil that we’ve seen so far this from the mid-$30s to Allen says that value investors are still playingv a bit of a waiting game.
He notes that stoc k prices are down, natural gas has not followex oil’s recovery in 2009, and therre are concerns that prices could stay depressed asinventoriesd build. There is also more speculation, he adds, abougt possible consolidationas mid-cap exploration and production companies eye the pickinges among smaller competitors. Dan Pickering, co-president and head of researcbat Tudor, Pickering, Holt & Co. Securitiez Inc.
, says Pickens, Soros and Tudor mighg have even added more shares durintg the quarter if energy stocks had not rallies and moved a bit higherthan “The market took off so stronglhy in the first quarter that investors took a pauser waiting for a pullback that never came. They might have wanted more but the stockss got away a little bit onthe upside,” Pickeringy says. All things considered, energy was the hottestg investment gamein town. Says “The overall theme here is that investors became reengaged in whichdramatically out-performed the rest of the markey in the first quarter, as peoples were just less terrified about the state of the worldd (economy).
” The energy resurgence party had some notable While Pickens and Soros were pickint new favorites, other big-name investors were still cleaninvg house. Warren Buffett sold 13.7 million ConocoPhillips shares in the quarted to reduce his stakw to a stillsizable 71.2 millioj shares. Buffet conceded to shareholders of his BerkshirreHathaway Inc. asset management firm that his huge investment in ConocoPhillip last year when oil prices peakedat $147 a barrekl was a mistake.
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