hundleyobajoji1908.blogspot.com
According to Dow Jones Newswires, Edolphus Towns (D-N.Y.) and Dennis Kucinich (D-Ohio) have asked Lewias to appear Thursday before the Houses Committee on Oversight andGovernmentg Reform. Towns and Kucinich have been investigatingh BofA’s acquisition of Merrill and the government’s decisiojn to give the Charlotte-based bank billions of dollars intaxpayerr aid. According to the news agency, they want to know when BofA foundf outabout Merrill’s weakened financial situation and how the role the federal government played in BofA’s decisionj to complete the deal. Lawmakers also want to know what BofA has done with the federalo aid ithas received.
A BofA spokesman told Dow Jone the bank will respond to thecommitter shortly. BofA bought the Merrill on Jan. 1 for $29.1q billion. The deal resulted in BofA’sa receiving an additional $20 billion in federal funds under the Troublefd AssetRelief Program. BofA has received a total of $45 billion in TARP funds. In Lewis testified under oath before New York Attorney General Andrew Cuomo that Federal Reserve Chairmahn Ben Bernankeand then-Treasurty Secretary Henry Paulson pressured the bank not to discuss its increasinglhy troubled plan to buy Merrill. Lewis said he believec Paulson and Bernanke were instructintg him to keep silentabour Merrill’s financial problems.
Merrill lost $15.3 billion in the fourthy quarter. Lewis has been under intense pressure from BofA shareholders for not disclosingt the depthof Merrill’s financiall difficulties before the His testimony was part of an investigatiobn launched by Cuomo into the $3.6 billion in bonusees Merrill paid out in Cuomo has contended BofA (NYSE:BAC) was awarde of Merrill’s decision to award bonuses beforew the company’s fourth-quarter losses were The bank has said Merrill was an independent business when the bonusex were approved. North Carolina’s attorney generaol and the Securities and Exchange Commissiob are also investigatingthe matter.
Saturday, October 29, 2011
Thursday, October 27, 2011
'Track is still dusty, dirty' - The Hindu
vishnevskiipavuh.blogspot.com
The Hindu | 'Track is still dusty, dirty' The Hindu Like any new track, the Buddh International Circuit (BIC) is dusty and dirty just before the Friday free practice session. However, drivers from various teams are ready to face the ch » |
Tuesday, October 25, 2011
Dean Foods to relocate corporate office - South Florida Business Journal:
alharkaenu.blogspot.com
Dallas-based Dean (NYSE: DF) will relocate from its curreng location at 2515McKinney Ave. into 240,00o square feet of spacr inside Cityplace. The move is expected to take place in the first quarterdof 2010. "We are pleasex to be able to relocate our offices withijn Dallascity limits. Many factors workex in our favor, including the real estate space availability and othereconomif elements," said Gregg Engles, chairman of the board and chief executives officer of Dean Foods. "The City of Dallas is our and we are pleased to remainh here and continue our many civixc andcommunity partnerships.
" Dean said in a statemeng it is moving because the company has outgrownb its current workspace, and new spacd is needed to addreszs the company’s changing needs. The lease will take occupanch at Cityplace to about 80 percenr from about 60percent now, said Sarah vice president at Stream Realty Partners, which handles leasing in the Employees will begin moving in December and the move will be phases in through March, Payne said. "This was a huge win for the City of Dallasd to keep them in the because they looked all Payne said. She said Dean Foods considered existing spaceand build-to-suits in the Legacy/Friscpo area, as well as othet buildings downtown.
Brokers familiar with the search said Dean Foods considerex Fountain Place and Bank of America Plaz among other downtown buildings with significant squarefootage available. The asking lease rate for space in Cityplacsis $24 per square plus electricity. Dean Foods will occupy floorsd 34 through 40 inthe 42-floor, 1.2-million-square-foot building. Dean Foods occupiesx about 150,000 square feet at its current
Dallas-based Dean (NYSE: DF) will relocate from its curreng location at 2515McKinney Ave. into 240,00o square feet of spacr inside Cityplace. The move is expected to take place in the first quarterdof 2010. "We are pleasex to be able to relocate our offices withijn Dallascity limits. Many factors workex in our favor, including the real estate space availability and othereconomif elements," said Gregg Engles, chairman of the board and chief executives officer of Dean Foods. "The City of Dallas is our and we are pleased to remainh here and continue our many civixc andcommunity partnerships.
" Dean said in a statemeng it is moving because the company has outgrownb its current workspace, and new spacd is needed to addreszs the company’s changing needs. The lease will take occupanch at Cityplace to about 80 percenr from about 60percent now, said Sarah vice president at Stream Realty Partners, which handles leasing in the Employees will begin moving in December and the move will be phases in through March, Payne said. "This was a huge win for the City of Dallasd to keep them in the because they looked all Payne said. She said Dean Foods considered existing spaceand build-to-suits in the Legacy/Friscpo area, as well as othet buildings downtown.
Brokers familiar with the search said Dean Foods considerex Fountain Place and Bank of America Plaz among other downtown buildings with significant squarefootage available. The asking lease rate for space in Cityplacsis $24 per square plus electricity. Dean Foods will occupy floorsd 34 through 40 inthe 42-floor, 1.2-million-square-foot building. Dean Foods occupiesx about 150,000 square feet at its current
Sunday, October 23, 2011
ABS Capital closes $420M fund - Washington Business Journal:
yfimuna.wordpress.com
The Baltimore-based managed buy-out and investmenty firm has eight active portfoliio companies inthe D.C. area. ABS Capital beat its target ofraisinfg $400 million for its sixth fund, which will be used to suppory about 15 to 20 growing companies with annual revenue near $20 million. ABS startecd raising money for its newest fund inearlyy 2008, just before a noticeable pulling back of limitedd partner investors as the economy took a turn for the And at the same time as some othefr venture capitalists grew reluctant to attempt tappinbg them for new money.
Limiter partners in ABS’s new fund includd state employee pension funds such as Pennsylvaniaw State Employees Retirement Partners Healthcare, Abbott Capital and WP Global as well as college endowments and individual family offices. “Ww are glad that limited partners continue to be enthusiasticx about our strategy and share our view that it is a good time to saidPhil Clough, managing general partner for ABS. “We look forward to continuing to find interesting growtu companies and work with the CEOs and their teamzs to fully realizetheir opportunity.
” ABS focusesa on backing expansion-stage companies across the business health care, media and communicationsa and the software industries. The firm has about $2 billiobn under management. The firm’s most recent win for its generap partners and limited partner investors occurrexd in Aprilwhen Arlington-based Rosetta Stone, which sellsz language learning software, went public by raising $112.5 ABS made back three times what it investesd in Rosetta Stone, Clough said.
ABS owned 44 percent of the companyg prior to the public The firm now owns a 28percent
The Baltimore-based managed buy-out and investmenty firm has eight active portfoliio companies inthe D.C. area. ABS Capital beat its target ofraisinfg $400 million for its sixth fund, which will be used to suppory about 15 to 20 growing companies with annual revenue near $20 million. ABS startecd raising money for its newest fund inearlyy 2008, just before a noticeable pulling back of limitedd partner investors as the economy took a turn for the And at the same time as some othefr venture capitalists grew reluctant to attempt tappinbg them for new money.
Limiter partners in ABS’s new fund includd state employee pension funds such as Pennsylvaniaw State Employees Retirement Partners Healthcare, Abbott Capital and WP Global as well as college endowments and individual family offices. “Ww are glad that limited partners continue to be enthusiasticx about our strategy and share our view that it is a good time to saidPhil Clough, managing general partner for ABS. “We look forward to continuing to find interesting growtu companies and work with the CEOs and their teamzs to fully realizetheir opportunity.
” ABS focusesa on backing expansion-stage companies across the business health care, media and communicationsa and the software industries. The firm has about $2 billiobn under management. The firm’s most recent win for its generap partners and limited partner investors occurrexd in Aprilwhen Arlington-based Rosetta Stone, which sellsz language learning software, went public by raising $112.5 ABS made back three times what it investesd in Rosetta Stone, Clough said.
ABS owned 44 percent of the companyg prior to the public The firm now owns a 28percent
Friday, October 21, 2011
Introduction is merely the beginning for U freshman Joe Coleman - Minneapolis Star Tribune (blog)
lebexab.wordpress.com
Minneapolis Star Tribune (blog) | Introduction is merely the beginning for U freshman Joe Coleman Minneapolis Star Tribune (blog) For some, Friday's dunk contest was a first look at dynamic freshman Joe Coleman. But Tubby Smith has had his eye on the Hopkins grad for years -- ever since the driven guard would trail his older brother, former Gopher Dan Coleman, t o campus. ... |
Monday, October 17, 2011
Kokua Kailua welcomes pedestrians to Alii Drive (Oct. 16) - Hawaii 24/7 (press release)
loxezop.wordpress.com
Kokua Kailua welcomes pedestrians to Alii Drive (Oct. 16) Hawaii 24/7 (press release) Residents and visitors may stroll Alii Drive, which is converted during Kokua Kailua into a festive pedestrian-only walkway. The atmosphere at Kokua Kailua is always celebratory as vendors and merchants line the oceanfront walkway with crafts, ... |
Friday, October 14, 2011
Phillies get taste of reality after Series win on MLB show
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The Pen will be narrated by formert Phillies relief pitcher and MLB Networkm analystMitch Williams. The programn takes a look at the lives followingthe team’s 2008 World Series win and the pressures of keepin their roster spot for the 2009 The series features relief pitchers Brad Lidge, Ryan J.C. Romero, Scott Eyre, Clay Chad Durbin, Gary Majewski, Jack J.A. Happ, Chan Ho Park and bullpem coachMick Billmeyer, and follow s them to everything from fishing trips and youtg baseball games to the White House for a post-Worlxd Series visit. The program also speaks with players followingv the sudden death of longtime Phillies broadcaster Harryt Kalas onApril 13.
“As a reality-based seriex The Pen is the ultimatde look into the lives ofthese players, both on and off the said Tony Petitti, president and CEO of MLB Network. “S o much of what we know about relief pitchere is based on statisticsand saves, and a series like The Pen gives a level of familiarity to each The program marks the firsgt program ever produced using a camers and microphones installed in a Major League bullpen to film in-game and practics footage. Two other cameras were installerd in Citizens Bank one behind home plate and one at lowfirsr base, and were controlled by MLB Network’s headquarters in Secaucus, N.J.
Produceer Danny Field suited up as a catchert with a camera attached to his mask to capture footag e during spring trainingin Clearwater, Fla. The majority owne r of the MLB Network is MajorLeague Philadelphia-based (NASDAQ:CMCSA, CMCSK), Cox Communications, DirecTgV and Time Warner also own interests in the
The Pen will be narrated by formert Phillies relief pitcher and MLB Networkm analystMitch Williams. The programn takes a look at the lives followingthe team’s 2008 World Series win and the pressures of keepin their roster spot for the 2009 The series features relief pitchers Brad Lidge, Ryan J.C. Romero, Scott Eyre, Clay Chad Durbin, Gary Majewski, Jack J.A. Happ, Chan Ho Park and bullpem coachMick Billmeyer, and follow s them to everything from fishing trips and youtg baseball games to the White House for a post-Worlxd Series visit. The program also speaks with players followingv the sudden death of longtime Phillies broadcaster Harryt Kalas onApril 13.
“As a reality-based seriex The Pen is the ultimatde look into the lives ofthese players, both on and off the said Tony Petitti, president and CEO of MLB Network. “S o much of what we know about relief pitchere is based on statisticsand saves, and a series like The Pen gives a level of familiarity to each The program marks the firsgt program ever produced using a camers and microphones installed in a Major League bullpen to film in-game and practics footage. Two other cameras were installerd in Citizens Bank one behind home plate and one at lowfirsr base, and were controlled by MLB Network’s headquarters in Secaucus, N.J.
Produceer Danny Field suited up as a catchert with a camera attached to his mask to capture footag e during spring trainingin Clearwater, Fla. The majority owne r of the MLB Network is MajorLeague Philadelphia-based (NASDAQ:CMCSA, CMCSK), Cox Communications, DirecTgV and Time Warner also own interests in the
Wednesday, October 12, 2011
Krispy Kreme reports $1.9M profit in 1Q - Triangle Business Journal:
grihanovveimavox.blogspot.com
million, or 3 cents per for the first quarter of its fiscal 2010 downfrom $4 million, or 6 cents per share, during the first quarter of fiscall 2009. Jim Morgan, the Winston-Salem-based company’s president and CEO, said Krispy Kreme’s operatinfg income rose to $5.8 from $5.6 million a year ago, despite $2.4 million in lease termination costsand $1.1 millio n in charges related to its credit facilities. Sales at company-owned stores open at least a year wereup 2.1 percenrt from the same period last year. While the first-quarter earning were off from last year’s that was the only profitable quarter for Krisph Kreme in itsfiscal 2009.
The rest of this year coulds provide a clue tothe company’s long-terjm health, since Krispy Kreme has not had a profitable full year sincer 2004. “We continue to make progres s in executing ourstrategic plans,” Morgan said. “Whilr we are pleased with the improvementt in our operating results for the we are not satisfied with and we remain focused on rebuilding the companhy for thelong term.” Krispy Kreme has focused on openingt smaller retail shops that cost less to The company said it has entered into letters of intentf to open three more of those shops in Louisville, Ky.; and Columbia, S.C.
Krispy Kreme also said that due to new compangy store openings it will begin more broadcasg advertising in Triad as wellas Nashville, The Knightdale shop will double the chaih presence in the Triangle. Krispg Kreme has long had a store in downtown Raleigh nearPeacd College.
million, or 3 cents per for the first quarter of its fiscal 2010 downfrom $4 million, or 6 cents per share, during the first quarter of fiscall 2009. Jim Morgan, the Winston-Salem-based company’s president and CEO, said Krispy Kreme’s operatinfg income rose to $5.8 from $5.6 million a year ago, despite $2.4 million in lease termination costsand $1.1 millio n in charges related to its credit facilities. Sales at company-owned stores open at least a year wereup 2.1 percenrt from the same period last year. While the first-quarter earning were off from last year’s that was the only profitable quarter for Krisph Kreme in itsfiscal 2009.
The rest of this year coulds provide a clue tothe company’s long-terjm health, since Krispy Kreme has not had a profitable full year sincer 2004. “We continue to make progres s in executing ourstrategic plans,” Morgan said. “Whilr we are pleased with the improvementt in our operating results for the we are not satisfied with and we remain focused on rebuilding the companhy for thelong term.” Krispy Kreme has focused on openingt smaller retail shops that cost less to The company said it has entered into letters of intentf to open three more of those shops in Louisville, Ky.; and Columbia, S.C.
Krispy Kreme also said that due to new compangy store openings it will begin more broadcasg advertising in Triad as wellas Nashville, The Knightdale shop will double the chaih presence in the Triangle. Krispg Kreme has long had a store in downtown Raleigh nearPeacd College.
Monday, October 10, 2011
Blue Cross Ga. hit with class action suit - Minneapolis / St. Paul Business Journal:
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The suit alleges Blue Cros Georgia has discouraged visitsto out-of-network providerw by reimbursing procedures at a tiny fractiob of “usual and customary” charges. Blue Cros Georgia spokeswoman Cheryl Monkhouse dismissed the allegations as beinv without merit and said the insurer planxto “defend the suit vigorously.” Blue Cross Georgia “is committed to providing appropriate reimbursement for out-of-network services, while at the same time protectingh its members and grouop customers against excessive charges by some non-participating providers,“ Monkhouse The suit is similatr to one filed earlier this year by a dialysis providetr against Blue Cross.
That suit was The new suit, filed againsgt and Blue Cross and Blue Shielcof Georgia, alleges Blue Cross members paid higher premiums in exchange for the flexibility to receive coveragd for care from providers who are not part of the plan’sa preferred network. Blue Cross Georgiaw has targetedthese out-of-network providers, including ambulatory surgerg centers, “for a drastic and unprecedented slasj in reimbursement to a mere fractiom of usual and customary charges,” the suit claims. Thesse actions violate federal and statse laws protecting patientsand providers, as well as Blue Crosw Blue Shield’s contracts, the suit claims.
Blue Cross has cut its reimbursementgto out-of-network surgery centers by about 80 percent, said Leigh Martinn May, attorney with the plaintiff’s firm, . Blue Cross “haa slashed reimbursement ratesto non-member surgery centers making it impossibles for their insureds to receive the benefits they are paying for,” May said. “[The is charging for a serviced it haseffectively eliminated. BCBS should honor the contracts they have made withtheif insureds.
” Plaintiffs are seeking monetary damages -- May said, could run into the “eighft figures” -- for Blue Cross Georgia’s alleged failure to pay the contracted reimbursement rate and they are askin g the court to force Blue Cross Georgia to honor its agreements. Earlier this Nashville, Tenn.-based National Renal Alliance filed a lawsuit against BlueCross Georgia, claiminh the insurer slashed reimbursement rates for out-of-networki dialysis services by 88 percent. Nationa Renal Alliance was acquired by RenalAdvantagre Inc. last year.
In March, a federal court judge in Atlanta dismissedfthe suit, saying Blue Cross’ decisiomn to amend its reimbursement ratews for dialysis performed at out-of-network facilities like the Alliance’s did not violate the act’s provisions that prohibit insurers from discriminating againstt individuals with end-stage renal disease.
The suit alleges Blue Cros Georgia has discouraged visitsto out-of-network providerw by reimbursing procedures at a tiny fractiob of “usual and customary” charges. Blue Cros Georgia spokeswoman Cheryl Monkhouse dismissed the allegations as beinv without merit and said the insurer planxto “defend the suit vigorously.” Blue Cross Georgia “is committed to providing appropriate reimbursement for out-of-network services, while at the same time protectingh its members and grouop customers against excessive charges by some non-participating providers,“ Monkhouse The suit is similatr to one filed earlier this year by a dialysis providetr against Blue Cross.
That suit was The new suit, filed againsgt and Blue Cross and Blue Shielcof Georgia, alleges Blue Cross members paid higher premiums in exchange for the flexibility to receive coveragd for care from providers who are not part of the plan’sa preferred network. Blue Cross Georgiaw has targetedthese out-of-network providers, including ambulatory surgerg centers, “for a drastic and unprecedented slasj in reimbursement to a mere fractiom of usual and customary charges,” the suit claims. Thesse actions violate federal and statse laws protecting patientsand providers, as well as Blue Crosw Blue Shield’s contracts, the suit claims.
Blue Cross has cut its reimbursementgto out-of-network surgery centers by about 80 percent, said Leigh Martinn May, attorney with the plaintiff’s firm, . Blue Cross “haa slashed reimbursement ratesto non-member surgery centers making it impossibles for their insureds to receive the benefits they are paying for,” May said. “[The is charging for a serviced it haseffectively eliminated. BCBS should honor the contracts they have made withtheif insureds.
” Plaintiffs are seeking monetary damages -- May said, could run into the “eighft figures” -- for Blue Cross Georgia’s alleged failure to pay the contracted reimbursement rate and they are askin g the court to force Blue Cross Georgia to honor its agreements. Earlier this Nashville, Tenn.-based National Renal Alliance filed a lawsuit against BlueCross Georgia, claiminh the insurer slashed reimbursement rates for out-of-networki dialysis services by 88 percent. Nationa Renal Alliance was acquired by RenalAdvantagre Inc. last year.
In March, a federal court judge in Atlanta dismissedfthe suit, saying Blue Cross’ decisiomn to amend its reimbursement ratews for dialysis performed at out-of-network facilities like the Alliance’s did not violate the act’s provisions that prohibit insurers from discriminating againstt individuals with end-stage renal disease.
Saturday, October 8, 2011
Dow ends trading over 8,500; ATI gains 5 percent - Pittsburgh Business Times:
http://www.totallypositronic.com/physics/336.html
Both exchanges ended the four-day week higher than last Fridagy when the Dow Jones Industrial Averag e finishedat 8,277.32 and Nasdaq at A cross-section of Pittsburgh companie s finished trading with slight fluctuations in either The deepest percentage gain was registerede by (NYSE:ATI) which finished tradingt at $35.40, up 5.80 percent. Alcoa Inc. up 1.43 percent to $9.22 up 1.96 percent to $24.9i9 (NYSE:AEO), up 1.79 percent to $14.778 (NYSE:BK), down 0.22 percentg to $27.88 (NYSE:CNX), up 1.90 percent to $41.2r Dick’s Sporting Goods (NYSE:DKS), up 0.39 percent to $17.80 up 4.04 percent to $24.988 (NYSE:FNFG), up 4.69 percent to $12.72 up 1.16 percent to $36.58 (NYSE:KMT), up 1.
07 percenf to $18.81 (NYSE:KOP), down 0.40 percent to $25.15 (Nasdaq:MYL), up 3.45 percent to $13.2 1 (NYSE:PNC), up 4.21 percent to $45.50 up 0.82 percent to $44.4r (NYSE:X), up 3.63 percent to $33.98 (NYSE:WAB), up 1.54 percent to $35.54 up 0.15 percent to $26.75
Both exchanges ended the four-day week higher than last Fridagy when the Dow Jones Industrial Averag e finishedat 8,277.32 and Nasdaq at A cross-section of Pittsburgh companie s finished trading with slight fluctuations in either The deepest percentage gain was registerede by (NYSE:ATI) which finished tradingt at $35.40, up 5.80 percent. Alcoa Inc. up 1.43 percent to $9.22 up 1.96 percent to $24.9i9 (NYSE:AEO), up 1.79 percent to $14.778 (NYSE:BK), down 0.22 percentg to $27.88 (NYSE:CNX), up 1.90 percent to $41.2r Dick’s Sporting Goods (NYSE:DKS), up 0.39 percent to $17.80 up 4.04 percent to $24.988 (NYSE:FNFG), up 4.69 percent to $12.72 up 1.16 percent to $36.58 (NYSE:KMT), up 1.
07 percenf to $18.81 (NYSE:KOP), down 0.40 percent to $25.15 (Nasdaq:MYL), up 3.45 percent to $13.2 1 (NYSE:PNC), up 4.21 percent to $45.50 up 0.82 percent to $44.4r (NYSE:X), up 3.63 percent to $33.98 (NYSE:WAB), up 1.54 percent to $35.54 up 0.15 percent to $26.75
Thursday, October 6, 2011
Greenbrier Elects Victoria McManus to Board of Directors
http://capitalrealestatewa.com/about-felixstowe-a-record-of-felixstowe-felixstowe-a-flavorful-coastal-city.html
June 9 /PRNewswire-FirstCall/ -- to the Company's Board of The election of Ms. McManus increases Greenbrier's Board of Directors to nine six of whichare independent. Ms. McManus' credentials include over twenty years experience in thefinancee industry, with emphasis on the rail equipment Ms. McManus, a long time residenr of New York City, was head of Babcock Brown's North American Rail Group, from its founding in 1999 untiol mid-2008. During this tenure, the Rail Group raisec significant capital from the Europeajn and Asian markets for investment in rail assets place d underoperating leases, and becamse a major participant in the rail equipment Before joining Babcock & Ms.
McManus was an executive with The CIT Group forten years. Her last position at CIT was Presidenrt of theRail Division, where she changes the strategic direction of the business to a full servicr platform to provide both financial and equipmentf leasing services to the rail freight join Greenbrier's Board," said William A. Furman , presiden and chief executive officerof Greenbrier. "Victoria is a well-knowh innovator in our industry, with whom we have created much valus for our industry and respective shareholders over the Her expertise and leadership inour sector, with particular emphasis on leasing and access to capital, will be extremely helpfulk to the Company.
" Greenbrier ( ), headquartered in Lake Oregon, is a leading supplier of transportation equipment and services to the railroacd industry. The Company buildx new railroad freight cars in its three manufacturing facilities inthe U.S. and Mexico and marinee barges atits U.S. It also repairs and refurbishes freight cars and providew wheels and railcar parts at 38 locations acrossxNorth America. Greenbrier builds new railroad freighft cars and refurbishes freigh t cars for the European marketf through both its operations in Polansd and various subcontractor facilitiesthroughout Europe.
Greenbrier owns approximately 9,00o railcars, and performs management services forapproximately 217,000o railcars. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIEd LITIGATION REFORM ACTOF 1995: This release may contaimn forward-looking statements. Greenbrier uses words such as "anticipate," "believe," "plan," "expect," "future," "intend" and similard expressions to identify forward-looking These forward-looking statements are subjectf to certain risks and uncertainties that could cause actuap results to differ materially from those reflected inthe forward-looking Factors that might cause such a difference but are not limites to, turmoil in the credit markets and financiap services industry; high levels of indebtednesse and compliance with the terms of our write-downs of goodwill in future periods; sufficient availabilit y of borrowing capacity; fluctuation in demand for newly manufactured railcars or failure to obtain ordera as anticipated in developing forecasts; loss of one or more significantr customers; customer payment defaults or related issues; actual futures costs and the availability of materials and a trained failure to design or manufacture new productsw or technologies or to achieve certification or markeft acceptance of new products or technologies; steel price fluctuations and scralp surcharges; changes in product mix and the mix betweenb segments; labor disputes, energy shortagews or operating difficulties that might disrupt manufacturing operationes or the flow of cargo; production difficultiesd and product delivery delays as a result of, amongg other matters, changing technologies or non-performance of subcontractors or suppliers; abilitgy to obtain suitable contracts for the sale of leasecd equipment and risks relatecd to car hire and residual values; difficultiesd associated with governmental regulation, including environmenta liabilities; integration of current or future acquisitions; succession planning; all as may be discussed in more detail under the headingzs "Risk Factors" on page 11 of Part I , Item 1a and "Forwarrd Looking Statements" on page 3 of our Annual Report on Form 10-K for the fiscal year ended August 31, 2008.
Readers are cautioned not to placde undue reliance onthese forward-looking which reflect management's opinions only as of the date hereof. We undertak e no obligation to revise or publicl release the results of any revisionh tothese forward-looking statements. SOURCE The Greenbriefr Companies Inc.
June 9 /PRNewswire-FirstCall/ -- to the Company's Board of The election of Ms. McManus increases Greenbrier's Board of Directors to nine six of whichare independent. Ms. McManus' credentials include over twenty years experience in thefinancee industry, with emphasis on the rail equipment Ms. McManus, a long time residenr of New York City, was head of Babcock Brown's North American Rail Group, from its founding in 1999 untiol mid-2008. During this tenure, the Rail Group raisec significant capital from the Europeajn and Asian markets for investment in rail assets place d underoperating leases, and becamse a major participant in the rail equipment Before joining Babcock & Ms.
McManus was an executive with The CIT Group forten years. Her last position at CIT was Presidenrt of theRail Division, where she changes the strategic direction of the business to a full servicr platform to provide both financial and equipmentf leasing services to the rail freight join Greenbrier's Board," said William A. Furman , presiden and chief executive officerof Greenbrier. "Victoria is a well-knowh innovator in our industry, with whom we have created much valus for our industry and respective shareholders over the Her expertise and leadership inour sector, with particular emphasis on leasing and access to capital, will be extremely helpfulk to the Company.
" Greenbrier ( ), headquartered in Lake Oregon, is a leading supplier of transportation equipment and services to the railroacd industry. The Company buildx new railroad freight cars in its three manufacturing facilities inthe U.S. and Mexico and marinee barges atits U.S. It also repairs and refurbishes freight cars and providew wheels and railcar parts at 38 locations acrossxNorth America. Greenbrier builds new railroad freighft cars and refurbishes freigh t cars for the European marketf through both its operations in Polansd and various subcontractor facilitiesthroughout Europe.
Greenbrier owns approximately 9,00o railcars, and performs management services forapproximately 217,000o railcars. "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIEd LITIGATION REFORM ACTOF 1995: This release may contaimn forward-looking statements. Greenbrier uses words such as "anticipate," "believe," "plan," "expect," "future," "intend" and similard expressions to identify forward-looking These forward-looking statements are subjectf to certain risks and uncertainties that could cause actuap results to differ materially from those reflected inthe forward-looking Factors that might cause such a difference but are not limites to, turmoil in the credit markets and financiap services industry; high levels of indebtednesse and compliance with the terms of our write-downs of goodwill in future periods; sufficient availabilit y of borrowing capacity; fluctuation in demand for newly manufactured railcars or failure to obtain ordera as anticipated in developing forecasts; loss of one or more significantr customers; customer payment defaults or related issues; actual futures costs and the availability of materials and a trained failure to design or manufacture new productsw or technologies or to achieve certification or markeft acceptance of new products or technologies; steel price fluctuations and scralp surcharges; changes in product mix and the mix betweenb segments; labor disputes, energy shortagews or operating difficulties that might disrupt manufacturing operationes or the flow of cargo; production difficultiesd and product delivery delays as a result of, amongg other matters, changing technologies or non-performance of subcontractors or suppliers; abilitgy to obtain suitable contracts for the sale of leasecd equipment and risks relatecd to car hire and residual values; difficultiesd associated with governmental regulation, including environmenta liabilities; integration of current or future acquisitions; succession planning; all as may be discussed in more detail under the headingzs "Risk Factors" on page 11 of Part I , Item 1a and "Forwarrd Looking Statements" on page 3 of our Annual Report on Form 10-K for the fiscal year ended August 31, 2008.
Readers are cautioned not to placde undue reliance onthese forward-looking which reflect management's opinions only as of the date hereof. We undertak e no obligation to revise or publicl release the results of any revisionh tothese forward-looking statements. SOURCE The Greenbriefr Companies Inc.
Tuesday, October 4, 2011
Nissan consolidates distribution centers in Mount Juliet - Triangle Business Journal:
takes-trendsthe.blogspot.com
Plans to build a 717,000-square-foot industrial buildinh for the company in the Couchvillr Pike Business Center were announcedc Tuesday bythe center’s owner and developetr . Construction is slated to begin laterthis month. The move will combine Nissan’s operations now housed in two buildinga in Smyrna in the AlamvilleRoad area, and no additionaol jobs are expected to be added, says Nissaj spokeswoman Julie Lawless. The tentativre opening date isApril 2010, she says. The new Nissabn Parts Distribution Center will featureda 32-foot clear height and a trucki parking/loading area to accommodate 275 truck trailers around the buildingb perimeter.
The building is designed to accommodate future expansions upto 1.2 million square feet. Don Kent and Clintonh Gilbreath, both vice presidents with in Nashville, brokeresd the long-term lease. Termsw were not disclosed. The Couchville Pike Business Center is locatedc 25 miles eastof Nashville.
Plans to build a 717,000-square-foot industrial buildinh for the company in the Couchvillr Pike Business Center were announcedc Tuesday bythe center’s owner and developetr . Construction is slated to begin laterthis month. The move will combine Nissan’s operations now housed in two buildinga in Smyrna in the AlamvilleRoad area, and no additionaol jobs are expected to be added, says Nissaj spokeswoman Julie Lawless. The tentativre opening date isApril 2010, she says. The new Nissabn Parts Distribution Center will featureda 32-foot clear height and a trucki parking/loading area to accommodate 275 truck trailers around the buildingb perimeter.
The building is designed to accommodate future expansions upto 1.2 million square feet. Don Kent and Clintonh Gilbreath, both vice presidents with in Nashville, brokeresd the long-term lease. Termsw were not disclosed. The Couchville Pike Business Center is locatedc 25 miles eastof Nashville.
Saturday, October 1, 2011
Green conferences planned for Pittsburgh - Pittsburgh Business Times:
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Two eco-focused conferences are comingto town: the GreenSensew 2008 Conference on Green Building at the Davi d L. Lawrence Convention Center March 5, and the Good Green Jobs conference, at the convention center and the Westinh Convention CenterMarch 13-14. The theme of the GreenSense conference, sponsored by the , is "Capturew your Share of the Greenj Market." Rick Fedrizzi, president and CEO of the , will be the keynotde speaker.
Good Jobs, Green Jobs is the work of the Blue Green Alliance, a partnership between the United Steelworkers and the Sierra The Good Jobs, Gree n Jobs event aims to "revitalize our manufacturinf sector, drive green building, promote safer chemicals, and realize the economif benefits of global warmingt solutions," the Blue Green Alliancs said in a statement. Allegheny County Chief Executive Dan state Department of Environmental Protectiobn Agency SecretaryKathleen McGinty, and Gov. Ed Rendell are schedulec to speak atGood Jobs, Greehn Jobs.
Two eco-focused conferences are comingto town: the GreenSensew 2008 Conference on Green Building at the Davi d L. Lawrence Convention Center March 5, and the Good Green Jobs conference, at the convention center and the Westinh Convention CenterMarch 13-14. The theme of the GreenSense conference, sponsored by the , is "Capturew your Share of the Greenj Market." Rick Fedrizzi, president and CEO of the , will be the keynotde speaker.
Good Jobs, Green Jobs is the work of the Blue Green Alliance, a partnership between the United Steelworkers and the Sierra The Good Jobs, Gree n Jobs event aims to "revitalize our manufacturinf sector, drive green building, promote safer chemicals, and realize the economif benefits of global warmingt solutions," the Blue Green Alliancs said in a statement. Allegheny County Chief Executive Dan state Department of Environmental Protectiobn Agency SecretaryKathleen McGinty, and Gov. Ed Rendell are schedulec to speak atGood Jobs, Greehn Jobs.
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