Resources to protect workers from the cold Reliable Plant Magazine Keep in mind that temperatures don't have to get below freezing for conditions to be dangerous- the right combination of low temperatures, wetness, ... |
Monday, November 29, 2010
Resources to protect workers from the cold - Reliable Plant Magazine
http://www.scghf.com/mortgagewayz/mortgagecalc.asp
Saturday, November 27, 2010
Analyst: YRC bankruptcy is
http://faststrings.com/behind-player-fieldy.html
The Overland Park trucking company’s ongoing negotiations with the unio are at riskof failing, analyst Art Hatfielde said in a “Given the developments with the negotiations between the two partieds and the increasing uncertainty pertaining to the outcome of those negotiations, we believ e a bankruptcy at YRC Worldwide is stillk likely in the near to mid-term,” he wrote. Whild the parties have kept quiet aboutthe talks, YRC reportedlgy wants to end its union pension payments for 14 which would provide savings of $500 and not make up for them.
Whilr that proposal would offer YRC significant and badly needed liquidity duringthe period, it “would face a tough and challenging road to becomingv a reality,” Hatfield wrote. “Fromn what we know, YRC would not be concedingy anything material to the pensionplans and/or its Teamsterxs employees under the proposal,” he wrote. if the proposal goes on to a vote tothe Teamster-representer employees at YRC, we believe the likelihood of a favorables vote would be low at given that the employees would be the ones to feel the brunty of these terminated payments over the long term ...
and that security provisions and protectiona for Teamsters employees are not part of the concessionz made by thecompanyy (to our knowledge).” In addition, Hatfield the Teamsters probably want payment deferrals instead, which woulfd be difficult for YRC because its lenders probably woulc be reluctant to let the company tie up assets or real estatw as collateral. And YRC probably has littlw left to offer as he said. Hatfield changed his rating on YRC sharesfrom “Markety Perform” to “Not Rated.” YRC began the recentg concessions talks with the Teamsters on June 29.
The price of YRC stock (Nasdaq: plunged Wednesday, dropping as low as 89 cents to hita 52-weekk low. The previous 52-week low was $1.2p0 on Nov. 20, according to . YRC closed on Wednesda y at 89 cents, down 35 or 28 percent, on volume of 20.2 million The stock’s average dail volume the past three monthsdis 3.6 million shares. Overland Park-basedf YRC, which has roughly 49,000 employees — more than half of them uniob members — has been weighed down by debt and a lengthtyfreight recession, and lost $257.4 million in the firstg quarter. It has integrated subsidiaries, shut down facilities, laid off workeres and sold property to try to cut costs andmaintain liquidity.
Early this year, Teamsterz members agreed to a 10 percent wage cut and suspensiojnof cost-of-living adjustments through 2013 in exchangde for a 15 percent stake in the YRC also has been negotiating to defer union pension fund paymentws using company real estate as collatera l and on June 18 secured an agreement with the largesyt pension fund to defert $83 million in payments. The union has said it also is reaching out tostakeholdersd — such as pension funds and YRC’s lenderzs — to address the cash issue. YRC ranks No.
2 on the Kansass City BusinessJournal ’s list of area public
The Overland Park trucking company’s ongoing negotiations with the unio are at riskof failing, analyst Art Hatfielde said in a “Given the developments with the negotiations between the two partieds and the increasing uncertainty pertaining to the outcome of those negotiations, we believ e a bankruptcy at YRC Worldwide is stillk likely in the near to mid-term,” he wrote. Whild the parties have kept quiet aboutthe talks, YRC reportedlgy wants to end its union pension payments for 14 which would provide savings of $500 and not make up for them.
Whilr that proposal would offer YRC significant and badly needed liquidity duringthe period, it “would face a tough and challenging road to becomingv a reality,” Hatfield wrote. “Fromn what we know, YRC would not be concedingy anything material to the pensionplans and/or its Teamsterxs employees under the proposal,” he wrote. if the proposal goes on to a vote tothe Teamster-representer employees at YRC, we believe the likelihood of a favorables vote would be low at given that the employees would be the ones to feel the brunty of these terminated payments over the long term ...
and that security provisions and protectiona for Teamsters employees are not part of the concessionz made by thecompanyy (to our knowledge).” In addition, Hatfield the Teamsters probably want payment deferrals instead, which woulfd be difficult for YRC because its lenders probably woulc be reluctant to let the company tie up assets or real estatw as collateral. And YRC probably has littlw left to offer as he said. Hatfield changed his rating on YRC sharesfrom “Markety Perform” to “Not Rated.” YRC began the recentg concessions talks with the Teamsters on June 29.
The price of YRC stock (Nasdaq: plunged Wednesday, dropping as low as 89 cents to hita 52-weekk low. The previous 52-week low was $1.2p0 on Nov. 20, according to . YRC closed on Wednesda y at 89 cents, down 35 or 28 percent, on volume of 20.2 million The stock’s average dail volume the past three monthsdis 3.6 million shares. Overland Park-basedf YRC, which has roughly 49,000 employees — more than half of them uniob members — has been weighed down by debt and a lengthtyfreight recession, and lost $257.4 million in the firstg quarter. It has integrated subsidiaries, shut down facilities, laid off workeres and sold property to try to cut costs andmaintain liquidity.
Early this year, Teamsterz members agreed to a 10 percent wage cut and suspensiojnof cost-of-living adjustments through 2013 in exchangde for a 15 percent stake in the YRC also has been negotiating to defer union pension fund paymentws using company real estate as collatera l and on June 18 secured an agreement with the largesyt pension fund to defert $83 million in payments. The union has said it also is reaching out tostakeholdersd — such as pension funds and YRC’s lenderzs — to address the cash issue. YRC ranks No.
2 on the Kansass City BusinessJournal ’s list of area public
Wednesday, November 24, 2010
Solar Array, Gen. Mills detail expansions - New Mexico Business Weekly:
balamatovaegede.blogspot.com
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacilith here, Keith Bone, general manager of the loca l facility, told members of . AED held its quarterlg meeting Thursdayat . Joe president and CEO of SolarArray Ventures, outlined his company’s plan to build a massive solar manufacturingt plant on the city’s General Mills’ expansion should be completedd by November, Bone The cereal manufacturer will hire 60 additional bringing additional payroll to the area of $3.5 The expansion also brings $30 million in spending to New The Albuquerque City Council approvecd a $100 million industrial revenue bond deal for the companty in February.
BE&K Corp. from North Carolina landed the design/builr contract to build the expansion, but Bone said 80 percentt of the firm’s spending and employees will be The precast panels being used in the constructionj are manufacturedin Belen. Generaol Mills has been in Albuquerqusince 1991. Its current facility is locatede near Paseo del Norte and Edith and has 190 with an annual payrollof $12 said Bone. The 275,000-square-foot plantf produces about 135 million pounds annuallyh of 35different cereals.
The facility also has a lab on-siter where the instructions for baking General Mills products at high altitudes are The company has givenabout $5 million to area nonprofits since 1998 and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereal company’s donationes illustrate one of the things the organization looks for in recruiting community involvement. Hudgins said Solar Array planas to break ground by the thirdx quarter of this year ona 225,000-square-footr thin-film photovoltaic manufacturing plant in the Corderp Mesa business park, west of the mattress The company plans to add three more buildingsz of that size as it grows, he with each facility employing abouf 225.
Its annual payroll in the first phase woulfbe $14 million. About five percenr of the jobs wouldpay $100,000, 45 percent wouls pay $70,000 and half of the jobs would pay $45,000. The capital investmenft for the first phase willbe $170 million and the companyu would spend $40 million annually for raw materials. The first phasre is expected to have a capacit of75 megawatts, but that would grow to 300 mw with the full The plant also will have a spacde that will serve as a community and educationao center. Solar Array is seeking $175 million in industrial revenu e bonds fromBernalillo County. The company is working to raise $210 million in debt and Hudgins said.
Hudgins said New Mexicio beat out two other states forthe plant, despite the fact that it did not offet the largest incentives. But the coordinatio among local and state government officials and otheer parties made New Mexicp far more efficient in establishing a planning framework that the company coulf then use to plan a budget for the hesaid “That was a majodr issue for us,” Hudgins said. He also praised the labor force here and theeducationa institutions. The facility is being designed byPageSoutherlandPage LLP, which has Texass offices in Austin, Dallas and Houston, as well as Washington, D.C. and London, U.K. Hoffman Construction, baseed in Portland, Ore.
, is building the facility.
broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacilith here, Keith Bone, general manager of the loca l facility, told members of . AED held its quarterlg meeting Thursdayat . Joe president and CEO of SolarArray Ventures, outlined his company’s plan to build a massive solar manufacturingt plant on the city’s General Mills’ expansion should be completedd by November, Bone The cereal manufacturer will hire 60 additional bringing additional payroll to the area of $3.5 The expansion also brings $30 million in spending to New The Albuquerque City Council approvecd a $100 million industrial revenue bond deal for the companty in February.
BE&K Corp. from North Carolina landed the design/builr contract to build the expansion, but Bone said 80 percentt of the firm’s spending and employees will be The precast panels being used in the constructionj are manufacturedin Belen. Generaol Mills has been in Albuquerqusince 1991. Its current facility is locatede near Paseo del Norte and Edith and has 190 with an annual payrollof $12 said Bone. The 275,000-square-foot plantf produces about 135 million pounds annuallyh of 35different cereals.
The facility also has a lab on-siter where the instructions for baking General Mills products at high altitudes are The company has givenabout $5 million to area nonprofits since 1998 and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereal company’s donationes illustrate one of the things the organization looks for in recruiting community involvement. Hudgins said Solar Array planas to break ground by the thirdx quarter of this year ona 225,000-square-footr thin-film photovoltaic manufacturing plant in the Corderp Mesa business park, west of the mattress The company plans to add three more buildingsz of that size as it grows, he with each facility employing abouf 225.
Its annual payroll in the first phase woulfbe $14 million. About five percenr of the jobs wouldpay $100,000, 45 percent wouls pay $70,000 and half of the jobs would pay $45,000. The capital investmenft for the first phase willbe $170 million and the companyu would spend $40 million annually for raw materials. The first phasre is expected to have a capacit of75 megawatts, but that would grow to 300 mw with the full The plant also will have a spacde that will serve as a community and educationao center. Solar Array is seeking $175 million in industrial revenu e bonds fromBernalillo County. The company is working to raise $210 million in debt and Hudgins said.
Hudgins said New Mexicio beat out two other states forthe plant, despite the fact that it did not offet the largest incentives. But the coordinatio among local and state government officials and otheer parties made New Mexicp far more efficient in establishing a planning framework that the company coulf then use to plan a budget for the hesaid “That was a majodr issue for us,” Hudgins said. He also praised the labor force here and theeducationa institutions. The facility is being designed byPageSoutherlandPage LLP, which has Texass offices in Austin, Dallas and Houston, as well as Washington, D.C. and London, U.K. Hoffman Construction, baseed in Portland, Ore.
, is building the facility.
Tuesday, November 23, 2010
Marc Andreessen starts $300M VC fund - South Florida Business Journal:
http://bestwebdesignsite.com/how-do-you-choose-a-web-designer.html
billion. While the actual news that Andreessen-Horowitz was bein formed was broken in February on the Charlie RoseTV show, detaile and the official launch came on On his blog, Andreesse n wrote: "Between the two of us, Ben and I have started three companies directly, created many new productss and services, run operating businesses at high levels of angel invested in 45 tech startups in the last five years, and serverd on a broad cross-section of company boardx with some of the best entrepreneurzs and investors in the Through all this, we have worked closely togethedr for 15 years, and we could not be more excited to extendd our partnership into venture capital.
The new firm will invesrt anywherefrom $50,000 to $50 Andreessen wrote, in consumer Internet, busineses Internet (cloud computing, "software as a service"), mobilr software and services, software-powerer consumer electronics, infrastructure and applications networking, storage, databases, and other back-enrd systems. Most of the money will be invester in startups inSilicon Valley, followinvg in the VC traditio n of wanting to be within a few minutex of the headquarters of the companies they invesyt in.
“We do not think it is an accideny that Google is inMountain View, Facebook is in Palo and Twitter is in San We also think that venture capital is a high touch activity that lends itself to geographic and our only office will be in Silicon Andreessen wrote on his blog. He was also clea r about what it won'tr invest in: "We are almost certainly not an appropriat e investor for any of thefollowinh domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movi e production companies, consumer retail, electric cars, rockeg ships, space elevators. We do not have the first clue abou any ofthese fields.
" Andreessen said he will continue as chairman of a social networking software company he , as well as remain on the board at and (NASDAQ:EBAY). Horowitzs is vice president and general manager of business technologu optimization for softwareat . (NYSE:HPQ).
billion. While the actual news that Andreessen-Horowitz was bein formed was broken in February on the Charlie RoseTV show, detaile and the official launch came on On his blog, Andreesse n wrote: "Between the two of us, Ben and I have started three companies directly, created many new productss and services, run operating businesses at high levels of angel invested in 45 tech startups in the last five years, and serverd on a broad cross-section of company boardx with some of the best entrepreneurzs and investors in the Through all this, we have worked closely togethedr for 15 years, and we could not be more excited to extendd our partnership into venture capital.
The new firm will invesrt anywherefrom $50,000 to $50 Andreessen wrote, in consumer Internet, busineses Internet (cloud computing, "software as a service"), mobilr software and services, software-powerer consumer electronics, infrastructure and applications networking, storage, databases, and other back-enrd systems. Most of the money will be invester in startups inSilicon Valley, followinvg in the VC traditio n of wanting to be within a few minutex of the headquarters of the companies they invesyt in.
“We do not think it is an accideny that Google is inMountain View, Facebook is in Palo and Twitter is in San We also think that venture capital is a high touch activity that lends itself to geographic and our only office will be in Silicon Andreessen wrote on his blog. He was also clea r about what it won'tr invest in: "We are almost certainly not an appropriat e investor for any of thefollowinh domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movi e production companies, consumer retail, electric cars, rockeg ships, space elevators. We do not have the first clue abou any ofthese fields.
" Andreessen said he will continue as chairman of a social networking software company he , as well as remain on the board at and (NASDAQ:EBAY). Horowitzs is vice president and general manager of business technologu optimization for softwareat . (NYSE:HPQ).
Sunday, November 21, 2010
€750bn war chest stands ready for action - Financial Times
http://rollyson.net/about/quals/kmbig5.html
ABC News | €750bn war chest stands ready for action Financial Times Klaus Regling, EFSF's chief executive, assured journalists last week that the fund was poised to swing into action within five to eight days of a request. ... Irish voters reflect on EU rescue deal Crisis looming, Ireland relents and seeks a bailout |
Saturday, November 20, 2010
Palm Beach County clerk cuts 66 employees - Business Courier of Cincinnati:
http://sdimaps.com/mapsync.htm
million, or 18 percent, reduction in the office’s budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impact service levelsx at the Clerk’s seven Palm Beacb County locations,” she noted in the release. The required staff cuts leave the office with fewer peopl e to pursue and collect millions of dollarw in unpaid traffic and court which will lead to morebudget cuts.
“It’w a vicious cycle designecd to underfund usinto extinction,” she Thirty-two employees accepted a buyout offer this montj and will leave June 30 with a full payoutt on their sick leave, rathedr than the normal 25 percent to 50 percen t offered under current termination policies. On May 29, an additiom 34 employees were told during staff meetings that they were beinblaid off, effective June 12. They will receiv four weeks of pay.
With thesee layoffs and the positionspreviously eliminated, the office has cut 101 position s -- 16 percent of management positions and 12 percent of hourlyt positions -- in the past The Clerk & Comptroller’s which employs more than 800 in offices throughout Palm Beachb County, handles the business arm of the court system. Employee receive, file and retrieve cour t documents, process fees and traffic fines, and entee and maintain case information inthe court’x computer system.
million, or 18 percent, reduction in the office’s budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impact service levelsx at the Clerk’s seven Palm Beacb County locations,” she noted in the release. The required staff cuts leave the office with fewer peopl e to pursue and collect millions of dollarw in unpaid traffic and court which will lead to morebudget cuts.
“It’w a vicious cycle designecd to underfund usinto extinction,” she Thirty-two employees accepted a buyout offer this montj and will leave June 30 with a full payoutt on their sick leave, rathedr than the normal 25 percent to 50 percen t offered under current termination policies. On May 29, an additiom 34 employees were told during staff meetings that they were beinblaid off, effective June 12. They will receiv four weeks of pay.
With thesee layoffs and the positionspreviously eliminated, the office has cut 101 position s -- 16 percent of management positions and 12 percent of hourlyt positions -- in the past The Clerk & Comptroller’s which employs more than 800 in offices throughout Palm Beachb County, handles the business arm of the court system. Employee receive, file and retrieve cour t documents, process fees and traffic fines, and entee and maintain case information inthe court’x computer system.
Thursday, November 18, 2010
SBA alters loan refinance terms - Business First of Buffalo:
http://www.jnoo.com/archives/2006/11/page/2/
The changes were authorized in the American Recovery and Reinvestmeny Actof 2009. The 504 loan program is administered through 271 Certified Development Companiea acrossthe nation. On SBA began implementing the changes by publishingv them as a permanent rule in theFederalp Register. The legislation allows 504 program projectxs to include a limited amount of debt refinancing if therer is a business expansion and the debt refinanced does not exceedd 50 percent of the projected expansion The following are some conditions under which borrowers will be eligiblwfor refinancing: • The debt beinb refinanced was incurred to acquire to construct a building or to purchasde equipment.
The assets acquired must be eligibls for financing under the504 program. The existing debt is collateralized byfixed assets. The existing debt was incurred for the benefir of thesmall business. • The new financinvg provides a substantial benefit to the borrower whenprepayment penalties, financing fees, and other financing costs are take into account. • The borrower has been currengt on all payments of existinfg debt for one year prioe to the dateof “Lower interest rates mean lower payments and less money going out the door each montyh in debt repayments.
That meanz more cash on hand to keep theitrdoors open, their employee working and to even expand and creatr more jobs,” said SBA Administrator Karejn Mills. The permanent changes allows small businesses to restructurre eligible debt to help improver their cashflow which, in turn, will enhance their viabilityt and support growth and job The 504 loan program can be used to purchaser business real estate or fixed assets, such as heavg equipment or machinery, and expand current development projects. Milla said the 504 program’s refinancing changes are the latestg in several Recovery Act provisions implemented by the SBA inrecenty weeks.
On March 16, the agency temporarilyt raised to 90 percent the guarantee level on many ofits 7(a) progran loans and reduced fees on both 7(a) and 504 loans.Itt also doubled to $5 millionn the surety bond guarantee level for smalp businesses competing for construction and service contracts. on June 15, SBA’s American Recovery Capitapl loans became available for small businesses facingh immediatefinancial hardship.
The changes were authorized in the American Recovery and Reinvestmeny Actof 2009. The 504 loan program is administered through 271 Certified Development Companiea acrossthe nation. On SBA began implementing the changes by publishingv them as a permanent rule in theFederalp Register. The legislation allows 504 program projectxs to include a limited amount of debt refinancing if therer is a business expansion and the debt refinanced does not exceedd 50 percent of the projected expansion The following are some conditions under which borrowers will be eligiblwfor refinancing: • The debt beinb refinanced was incurred to acquire to construct a building or to purchasde equipment.
The assets acquired must be eligibls for financing under the504 program. The existing debt is collateralized byfixed assets. The existing debt was incurred for the benefir of thesmall business. • The new financinvg provides a substantial benefit to the borrower whenprepayment penalties, financing fees, and other financing costs are take into account. • The borrower has been currengt on all payments of existinfg debt for one year prioe to the dateof “Lower interest rates mean lower payments and less money going out the door each montyh in debt repayments.
That meanz more cash on hand to keep theitrdoors open, their employee working and to even expand and creatr more jobs,” said SBA Administrator Karejn Mills. The permanent changes allows small businesses to restructurre eligible debt to help improver their cashflow which, in turn, will enhance their viabilityt and support growth and job The 504 loan program can be used to purchaser business real estate or fixed assets, such as heavg equipment or machinery, and expand current development projects. Milla said the 504 program’s refinancing changes are the latestg in several Recovery Act provisions implemented by the SBA inrecenty weeks.
On March 16, the agency temporarilyt raised to 90 percent the guarantee level on many ofits 7(a) progran loans and reduced fees on both 7(a) and 504 loans.Itt also doubled to $5 millionn the surety bond guarantee level for smalp businesses competing for construction and service contracts. on June 15, SBA’s American Recovery Capitapl loans became available for small businesses facingh immediatefinancial hardship.
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