martaemimbzini.blogspot.com
NexQL caught the eye of Austin-based in 2003 when Crossroadzs entered into a technology development partnership withthe company. At the time, Crossroads invested about $2 million in the giving Crossroads abouta 44% stake in Crossroads CEO Rob Sims says Crossroad has converted its $2 million of debt into a 90% stakw in NexQL. NexQL's primary target customer was the an areaCrossroads ( ) hasn't traditionallhy focused on. But the government spacd turned out to be not much of a home run for Government agencies are ofteh slow in signingcontractsx -- a fact that didn't bode well for cash-strapperd NexQL.
The company went from a high of 18 employees to two stafferd by the time Crossroads took Foundedin 2003, NexQL ( ) was launched by CEO Andre w Heller, a co-founder of Austin-based . Heller won'tg hold a management position with Crossroads but will remain as an advisoryboard member, a position Hellerd has held for severak years. Crossroads CEO Sims says his firm will assumwe leadershipof NexQL. Amongv its three main product lines, Crossroadws provides systems that allow companies to managwetheir data. NexQL's quick-retrieval concept was one that drewCrossroads in, Sims When Sims took over Crossroada in 2003, he transformeed it into a data-management and security company.
Sims says he decided to focua on acquisitions to fill out areas wherwe thecompany didn't already have a stronghold, be it a technologuy or a market. NexQL fits on both ends, Sims
Wednesday, February 29, 2012
Monday, February 27, 2012
Campaign Finance Groups Praise Rep. Abercrombie for Cosponsoring Fair Elections Now Act
http://www.defacedeath.com/2007/01/these-were-the-gigs-of-our-lives/
(D-Hawaii) for cosponsoring the Fair ElectionsNow Act, H.R. "Campaign costs continue to skyrocket, and members of Congresss are forced tospend ever-increasing hour raising money for their re-election. We thank Rep. Abercrombied for cosponsoring the Fair Elections Now Act to addres thisserious problem. "Congress ought to work on the major issues confrontingour country, and Rep. Abercrombie recognizes that when memberse of Congressare fundraising, they'ree distracted from important work on health care, energh policy, and getting the economy movin g again. "We look forward to workingy with him to pass thiscritical legislation.
" Under Fair congressional candidates would have the option to qualify for a public funding grant and to see their small dollart contributions matched at a 4 to 1 rate if they agrees to not take contributions larger than $100 and raisef a significant number of donations from theirr home state. The coalition backing the measure includes the Brennan Center for Change Congress, Common Cause, Democracyh Matters, Public Campaign, Public Citizen, and U.S. A broad coalition of online, advocacy, union, church, environmental, and civiol rights groups have endorsed therefor measure. For more information about the bill and the visit .
(D-Hawaii) for cosponsoring the Fair ElectionsNow Act, H.R. "Campaign costs continue to skyrocket, and members of Congresss are forced tospend ever-increasing hour raising money for their re-election. We thank Rep. Abercrombied for cosponsoring the Fair Elections Now Act to addres thisserious problem. "Congress ought to work on the major issues confrontingour country, and Rep. Abercrombie recognizes that when memberse of Congressare fundraising, they'ree distracted from important work on health care, energh policy, and getting the economy movin g again. "We look forward to workingy with him to pass thiscritical legislation.
" Under Fair congressional candidates would have the option to qualify for a public funding grant and to see their small dollart contributions matched at a 4 to 1 rate if they agrees to not take contributions larger than $100 and raisef a significant number of donations from theirr home state. The coalition backing the measure includes the Brennan Center for Change Congress, Common Cause, Democracyh Matters, Public Campaign, Public Citizen, and U.S. A broad coalition of online, advocacy, union, church, environmental, and civiol rights groups have endorsed therefor measure. For more information about the bill and the visit .
Saturday, February 25, 2012
Doyle vows fight for Chrysler, GM plants - The Business Journal of Milwaukee:
humojo.wordpress.com
Doyle said that the managementof Detroit-based GM, which Mondaty filed for Chapter 11 has publicly confirmed that the now-shuttered Janesville plant is one of threr plants being considered to manufacture small cars in the future. The Janesvills plant had more than 1,200 employeea who assembled pickup trucksand SUVs, vehicles for whicg demand has plummeted durintg the recent era of high gas prices.
The governor also said that Chrysler'e 850-employee engine plant in Kenosha, which is slatex to be closed underrthat automaker's reorganization unded bankruptcy, won't be sold, leaving the possibilitu that Chrysler's new partner, the Italiah auto manufacturer Fiat, could acquire the plant. Fiat is expecteds to begin producing cars in the United States undefr its partnership withAuburn Hills, Mich.-based Chrysler. Doyle said in a statemengt that his administration will focus on makint those possibilitiesa reality.
"My staff, the leadershipl teams and I have continually been working at thehighestr levels, including the White House, to fight for Janesviller and Kenosha," Doyle said. “Everything we have been fightingv for is to get us to this he said. "We are in a positive positionm witheach plant, and we are goinvg to compete very aggressively for everythinv moving forward.
Doyle said that the managementof Detroit-based GM, which Mondaty filed for Chapter 11 has publicly confirmed that the now-shuttered Janesville plant is one of threr plants being considered to manufacture small cars in the future. The Janesvills plant had more than 1,200 employeea who assembled pickup trucksand SUVs, vehicles for whicg demand has plummeted durintg the recent era of high gas prices.
The governor also said that Chrysler'e 850-employee engine plant in Kenosha, which is slatex to be closed underrthat automaker's reorganization unded bankruptcy, won't be sold, leaving the possibilitu that Chrysler's new partner, the Italiah auto manufacturer Fiat, could acquire the plant. Fiat is expecteds to begin producing cars in the United States undefr its partnership withAuburn Hills, Mich.-based Chrysler. Doyle said in a statemengt that his administration will focus on makint those possibilitiesa reality.
"My staff, the leadershipl teams and I have continually been working at thehighestr levels, including the White House, to fight for Janesviller and Kenosha," Doyle said. “Everything we have been fightingv for is to get us to this he said. "We are in a positive positionm witheach plant, and we are goinvg to compete very aggressively for everythinv moving forward.
Thursday, February 23, 2012
Texas agency likely to cut water to rice farms - Boston.com
vykyvimote.wordpress.com
Boston.com | Texas agency likely to cut water to rice farms Boston.com With Texas in one of the worst droughts in its history, water officials are widely expected to announce March 1 that they won't release irrigation water for thousands of farmers in the state's rice-growing region. (AP Photo/Pat Sullivan) By Ramit ... Texas Agency Wi ll Likely Cut Water To Rice Farms |
Monday, February 20, 2012
Goldwater Institute-Corporation Commission renewable energy suit heads to court Monday - Phoenix Business Journal:
adamovaichive.blogspot.com
The lawsuit filed by Goldwater on behalf of a handfup of Arizona PublicService Co. customers will beginh Monday morning before Maricopa County Superior Couryt JudgeJoseph Heilman. While the ACC has a constitutionao authority to set rates for the utilitiesit controls, the lawsui t alleges the commission overstepped its boundaries by requiring utilitiesx to implement certain renewable energyu projects and imposing a surcharge to help pay for thosse projects. “Clearly that goes well beyond rate-making authority,” said Carrie Ann Sitren, an attorneyh with the institute’s Scharf-Norton Center for Constitutionak Litigation.
ACC officials contend in court paperwork that theie constitutional authority allows them to establish the standards as well asaccompanyinh tariffs. “The commission continues to defend the REST ruleds and has asserted in its court filings that the rulesa are important to ensure adequat e electric service for Arizona consumers atreasonablse rates,” commission spokeswoman Rebecca Wilder said in an e-mail. The standardas were passed by the commission inlate 2006. They delineatse the amount and typese of renewable energy required by utilities regulated bythe ACC, includingt APS and Tucson Electric Powee Co.
In requiring utilities to phase in renewabled to reach a 15 percent requiremenby 2025, the ACC granted companiesd the ability to collect money to fund program for such things as distributed generatiobn — where solar systems are placedc on homes and businesses — through a fee collected as part of monthly bills. In the lawsuit, Goldwater claima the cost of implementing the standarda to meet the 2025 deadline will hit ratepayerws to the tuneof $2.4 billion. Despiter the legal challenge, companiesd have been moving forwardwith plans. APS announced two solar power plants that officials say will by put it well aheac of the standardsby 2014, when the planta are operational.
The lawsuit filed by Goldwater on behalf of a handfup of Arizona PublicService Co. customers will beginh Monday morning before Maricopa County Superior Couryt JudgeJoseph Heilman. While the ACC has a constitutionao authority to set rates for the utilitiesit controls, the lawsui t alleges the commission overstepped its boundaries by requiring utilitiesx to implement certain renewable energyu projects and imposing a surcharge to help pay for thosse projects. “Clearly that goes well beyond rate-making authority,” said Carrie Ann Sitren, an attorneyh with the institute’s Scharf-Norton Center for Constitutionak Litigation.
ACC officials contend in court paperwork that theie constitutional authority allows them to establish the standards as well asaccompanyinh tariffs. “The commission continues to defend the REST ruleds and has asserted in its court filings that the rulesa are important to ensure adequat e electric service for Arizona consumers atreasonablse rates,” commission spokeswoman Rebecca Wilder said in an e-mail. The standardas were passed by the commission inlate 2006. They delineatse the amount and typese of renewable energy required by utilities regulated bythe ACC, includingt APS and Tucson Electric Powee Co.
In requiring utilities to phase in renewabled to reach a 15 percent requiremenby 2025, the ACC granted companiesd the ability to collect money to fund program for such things as distributed generatiobn — where solar systems are placedc on homes and businesses — through a fee collected as part of monthly bills. In the lawsuit, Goldwater claima the cost of implementing the standarda to meet the 2025 deadline will hit ratepayerws to the tuneof $2.4 billion. Despiter the legal challenge, companiesd have been moving forwardwith plans. APS announced two solar power plants that officials say will by put it well aheac of the standardsby 2014, when the planta are operational.
Saturday, February 18, 2012
Florida Bank raises $18 million - Boston Business Journal:
gardellaorymiid1354.blogspot.com
The Tampa-based parent company for Floridz Bankraised $18.3 million in a rights offering, which “strategicallyu positions the company to take advantage of growth opportunities,” the compan announced Tuesday. The completed offeringt surpassed offerings tracked by SNL Financial from publicx banks based in Floridathis year, which rangedd from $428,000 to nearly $11 million as of May 31. Floridwa Bank Group is a private “Most banks in the United States and in Florida need to raise additionalequity capital.
It is particularly difficulg for them to do so as many have had negativew earnings in 2008 and firstf quarter 2009 and the markety prices for publicly held bank stockzs are trading at record low prices in termsa of the ratio of market price to tangiblebook value,” said Ben chairman of Jacksonville-based investment banker Allen C. Ewinh & Co. “In regardse to the Florida Bank Group this offering was very successful in that they apparentlyuraised $18 million, or 90 percent of their targetf raise of $20 million, especially in these existing marketr conditions.
” Florida Bank has three branches in Jacksonville and 16 throughout the Prior to the completed equity raise, Floridq Bank had a total risk-based capital ratio of 11.7 perceng as of March 31, according to the Federal Depositr Insurance Corp. Regulators require that ratio to be at leastf 10 percent in order for the bank to beconsiderefd “well-capitalized.” The bank grew totaol assets by 64.3 percent to $858.4 million in the first quarter compared to a year Total loans increased 51.4 percent to nearly $665.8 millionj and total deposits jumped 85.2 percent to $687.
65 million during that same “This infusion of new capitalp is a vote of confidence from our existing shareholders that will allow FBG (Florida Bank Group) to enhancw its financial strength and even further distinguish itself amongf other banks in the market said the company’s Chairmanh and CEO, Robert Rothman, in the announcement. “This economixc climate offers unique opportunities to grow and increaswe our customer base as consumers and businesses areseeking strong, safe bankingh institutions.
”
The Tampa-based parent company for Floridz Bankraised $18.3 million in a rights offering, which “strategicallyu positions the company to take advantage of growth opportunities,” the compan announced Tuesday. The completed offeringt surpassed offerings tracked by SNL Financial from publicx banks based in Floridathis year, which rangedd from $428,000 to nearly $11 million as of May 31. Floridwa Bank Group is a private “Most banks in the United States and in Florida need to raise additionalequity capital.
It is particularly difficulg for them to do so as many have had negativew earnings in 2008 and firstf quarter 2009 and the markety prices for publicly held bank stockzs are trading at record low prices in termsa of the ratio of market price to tangiblebook value,” said Ben chairman of Jacksonville-based investment banker Allen C. Ewinh & Co. “In regardse to the Florida Bank Group this offering was very successful in that they apparentlyuraised $18 million, or 90 percent of their targetf raise of $20 million, especially in these existing marketr conditions.
” Florida Bank has three branches in Jacksonville and 16 throughout the Prior to the completed equity raise, Floridq Bank had a total risk-based capital ratio of 11.7 perceng as of March 31, according to the Federal Depositr Insurance Corp. Regulators require that ratio to be at leastf 10 percent in order for the bank to beconsiderefd “well-capitalized.” The bank grew totaol assets by 64.3 percent to $858.4 million in the first quarter compared to a year Total loans increased 51.4 percent to nearly $665.8 millionj and total deposits jumped 85.2 percent to $687.
65 million during that same “This infusion of new capitalp is a vote of confidence from our existing shareholders that will allow FBG (Florida Bank Group) to enhancw its financial strength and even further distinguish itself amongf other banks in the market said the company’s Chairmanh and CEO, Robert Rothman, in the announcement. “This economixc climate offers unique opportunities to grow and increaswe our customer base as consumers and businesses areseeking strong, safe bankingh institutions.
”
Thursday, February 16, 2012
Report: New condo sales up in D.C. area - Washington Business Journal:
vuwodu.wordpress.com
(For related story from the WashingtonBusineses Journal's print edition.) New condo sale prices were down in the area by 3.9 percenr from 12 months ago, with suburban Maryland postinhg the biggest declines of 7.6 percent. New unit salee volume — defined as net binding contracta written with security deposits up inthe D.C. area during the second quarter of 2009 was 618 up from 310 units sold in thefirsr quarter. For the 12 months ending June 2009, ther were 1,667 sales, with the most sales occurringin Arlington, the City of Alexandria and D.C. Suburbanm Maryland saw a large dipin sales, with 558 unitds sold, compared to 1,002 for the same year endingf June 2008.
Northern Virginia was faring There were 667 unit sales recorder for the year endingin June, comparede to 647 for the priorf year-ago period in 2008. In the metroo area, concessions are down in but up inthe Metrowide, concessions are up slightly, averagingb 3.7 percent of the purchase price at mid-year compared to 3.5 percent a year They average 4.5 percent in compared to 4.7 percent at the end of the same period in 2008. Northerbn Virginia had 3.4 percent concessions and suburbajn Marylandhad 4.1 percent concessions, where were up from 3.3 and 2.5 respectively. For the year ending in May, the median resalse price in the metro area declinedby 12.
7 with the biggest dropsz in the outer Northern Virginia suburbs. The mediabn condo resale pricein D.C. was $360,000 in May, or barelty over May 2008’s price of $359,900. Loudoun County’s prices plungedc the farthest in the metroarea -- by 27.1 percentr -- to $140,000 during that Prince William County prices also took a big down 22.9 percent in May to $139,950. Arlingtonm was the only jurisdiction to post price which wereup 6.1 percentf to $350,000.
(For related story from the WashingtonBusineses Journal's print edition.) New condo sale prices were down in the area by 3.9 percenr from 12 months ago, with suburban Maryland postinhg the biggest declines of 7.6 percent. New unit salee volume — defined as net binding contracta written with security deposits up inthe D.C. area during the second quarter of 2009 was 618 up from 310 units sold in thefirsr quarter. For the 12 months ending June 2009, ther were 1,667 sales, with the most sales occurringin Arlington, the City of Alexandria and D.C. Suburbanm Maryland saw a large dipin sales, with 558 unitds sold, compared to 1,002 for the same year endingf June 2008.
Northern Virginia was faring There were 667 unit sales recorder for the year endingin June, comparede to 647 for the priorf year-ago period in 2008. In the metroo area, concessions are down in but up inthe Metrowide, concessions are up slightly, averagingb 3.7 percent of the purchase price at mid-year compared to 3.5 percent a year They average 4.5 percent in compared to 4.7 percent at the end of the same period in 2008. Northerbn Virginia had 3.4 percent concessions and suburbajn Marylandhad 4.1 percent concessions, where were up from 3.3 and 2.5 respectively. For the year ending in May, the median resalse price in the metro area declinedby 12.
7 with the biggest dropsz in the outer Northern Virginia suburbs. The mediabn condo resale pricein D.C. was $360,000 in May, or barelty over May 2008’s price of $359,900. Loudoun County’s prices plungedc the farthest in the metroarea -- by 27.1 percentr -- to $140,000 during that Prince William County prices also took a big down 22.9 percent in May to $139,950. Arlingtonm was the only jurisdiction to post price which wereup 6.1 percentf to $350,000.
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