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 ... |
Thursday, December 15, 2011
Commercial Paper Declines On Adjusted, Unadjusted Basis - Wall Street Journal
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Tuesday, December 13, 2011
FairPoint awards options to new CEO - Charlotte Business Journal:
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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:
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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
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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):
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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:
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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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